StockPickingEnthusiast

ULTA a Buying Opportunity Here

Long
NASDAQ:ULTA   Ulta Beauty, Inc.
Ulta's previous resistance becoming support. I've been loading up on 9/27 calls. Do your own due diligence. Do not trade on my comments.

ULTA
Trade active:
Hope you kept buying those calls on the way down on little volume.

Trade active:
Volume on positive bars far out-weighs the negative bars. Seems like accumulation going on. I'm still long with 9/27 calls, been accumulating myself. :) Goodluck.
$ULTA
Comment:
Looks pretty coiled for a bounce with this low volume leading to a narrowing descending triangle. Assume at your own risk.
Comment:
$224 is previous support from December lows. Let's see what they have in store for tomorrow. In my opinion the market makers are forcing weak hands out by forcing it the that level. But it could bounce like a tightened spring from there in my opinion. $ULTA
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Bull flag formation? Watching closely. Need to create a base above this resistance trendline. Goodluck all.
$ULTA
Comment:
$ULTA Chart indicators remain bullish in my opinion.
Trade active:
Currently appears to be establishing a base above $232. Looking for confirmation of the new uptrend/medium term reversal.$240+ with volume greater than Friday would confirm for me that it's headed back up to $257-$277
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