Lululemon Athletica, Inc. and Nike, Inc. have both fallen significantly from their record all-time highs, with Lululemon trading down about 30 percent since Nov. 16 and Nike losing about 20 percent of its value since Nov. 5. However, the bottom may be in for the stocks, because on Jan. 24 Lululemon and Nike both hit a support level, bounced up from it and reversed course to the upside. On Jan. 29, Lululemon broke up bullishly from a falling channel, which Benzinga called out the day prior, and has now consolidated into a bull flag pattern, which may provide a solid entry point for a trader. Similarly, Nike has confirmed a trend change, with a possible entry point off a higher low being provided on Wednesday. Both stocks look to have room for more upside, but profit could be made more quickly in Lululemon because a bull flag is a more powerful short-term …