BullsEyeView

BullsEyeView

NYSE:DE is a ticker I have kept my eye on for a little now. It fell into sideways movement after maintaining a strong bullish trend. It formed a bull flag and broke out of the upper bound at the close of the 6.25 session. This is a strong breakout signal supported by a MACD crossover underneath the zero line. This, along with analyst price target upgrade to 165,...

BullsEyeView

NASDAQ:ULTA is signaling oversold as we approach a key support level. What makes this interesting is that we also have an RSI divergence. Very high chance of bouncing off support, however, we will wait for the market to to show us what we want to see. More downside can occur if we break the support. Keep your eyes peeled.

BullsEyeView

NASDAQ:ULTA is at oversold levels as we approach a key level a support. What makes this interesting is the extreme RSI divergence since it’s last oversold signal. It would be hard to imagine ULTA breaking this support. However, we will wait to see what the market tells us. Keep your eyes peeled.

BullsEyeView Updated 

NYSE:SQ SQ was trading above a regression channel that has been in place since the beginning of April. If it can break these next key support level, which happens to be Square’s previous all time high, then I see it going down to 92. This is a special support as it marks the bottom of the regression channel, a previous strong resistance level, and a potential gap fill.

BullsEyeView

NYSE:BA has recently received a price target downgrade to 150 by Berenberg. By recently, I mean this morning. This, along with bearish sentiment, means we could be looking at another red day. Pay attention to how BA reacts to 165 support. It has had 3 encounters with this level - 2/3 encounters being complete rejection. It took an engulfing green candle to bypass...