LULU at Critical Support – Rebound or Further Drop?

Bullish Case

• Support at $336.94: Price is near a key support level where buyers may step in.
  
• Potential Gap Fill to $466: If LULU rebounds and closes above $358.52 & $371.20, it could target the gap start zone at $405.46 and eventually push toward $466
  

Bullish Setup:

• Entry: Around $336–$346 if support holds.
  
• Target 1: $370–$374 (Short-term bounce).
  
• Target 2: $405+ (Gap-start area).
  
• Target 3: $454.25 (Major resistance).
  
• Stop Loss: Below $326
  

Bearish Case

• Bearish Breakdown Below $336.94: A close below this level could signal a bigger drop.
  
• Lower Highs Forming: The stock is consistently making lower highs, indicating continued selling pressure.
  
• Next Major Support at $294.54: If the current support fails, the price could drop toward $294.54, which is a strong demand zone.
  

Bearish Setup:

• Entry: Below $336 (breakdown confirmation).
  
• Target 1: $320
  
• Target 2: $294.54
  
• Stop Loss: Above $346
  

Which Side is Stronger?
Currently leaning bearish, but holding $336.94 is key.

• If it holds, a bounce toward $370–$405 is possible (bullish case).
  
• If it breaks down, expect $294–$300 soon (bearish case)