ULTA could be a decent long for a bounce off the 200MA as it has respected it a number of times.
Needs more time but love some 2023 Puts on this one. Feb 2022 is Apex of this diamond and we already have 5 waves up here. Just a matter of time.
We'll see if I can get some more short term targets correct. Aiming at $460 with 369 variants all over...
I'll probably miss this trade since I'm out Monday and Tuesday, but I think it should move quickly (just a guess) at least to its previous highs. My plan would have been to sell around 70% at that point, then hold the rest for if it is able to resume to new highs, maybe after a little pause.
Long $ULTA CMP $369.84. Trading above 50 EMA. Uptrend continuation. MACD histogram was fading but I guess recent market volatility turned it to negative. Bullish pattern. Expect breakout soon. Possible targets $390 and $420
ULTA looks like it is ready to explode. This is just my opinion. please do your own homework as well.
Ulta Beauty jumped to new highs last month. Now it may be sitting pretty after a gentle pullback. Notice its runup into earnings after the bell on August 25. The beauty-products company didn’t disappoint because profit, revenue and guidance all surprised to the upside. However, the stock was ahead of itself and quickly got rejected above $410. Now, three weeks...
Consolidating in a rectangle, Tested support 3x last week and it formed a descending triangle from the bottom. I am interesting in 2 price pivots: 384.30 and 386 Above those, we might test top or rectangle at 392
SELL ENTRY: 331.25 USD TARGET: 267.10 USD (20% profit) STOP: 362.26 USD Ulta Beauty is specialized in the distribution of cosmetics and perfumes.
ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019. Fundamentally, * It's undervalued with a PEG of 0.77 * Its earnings per share is expected to grow over the coming year. Technically, * General up trend * Beta > 1 (following the general market trend) * Broke above the resistance of $315 that dates back to 2017 and...
NASDAQ:ULTA trendline break with MACD and EMA crossover
Consolidation is broken upwards with the minimum target level around 404.
Plain and simple, pattern looks great. Have fun !!
A Rising Wedge (Bearish) is forming on ULTA, I can see this drop down to $296. But, it still has lots of room to go up so do NOT ENTER UNTIL CONFIRMATION that it has broken out of the wedge. This kills new traders as technical analysis isnt ALWAYS accurate, I learned it the hard way. This is not financial advice just my opinion. Also, please comment what type of...