descending resistance line still pushing lulu down
so there will be a fight between descending resistance line and double bottom support line. should be interesting to see which technical pattern wins. this would be a good time for a long buyer to snap up shares, as the descending resistance line will provide them with lots of technical traders willing to sell at the resistance levels. i would love to see a big strategic investor step in and absorb shares as the shorts try to push it down. could set up a very big rally as the shorts finally are forced to cover. if lulu is going to get support here, we will see increasing volume as the battle rages.