ULTA is a strong company with average revenue growth rate of 22% per year for the last 5 years with the last 12 months right on target. After dropping 40% in price ULTA is looks to be mirroring its 2013-2014 drop which also was a 40% drop. The quickest moving average has also crossed over. Seems reasonable to see $400 price right on our trend line and 1.618 fib...
MAL has been trading within a channel for several years now following a very predictable cycle rallying to the top of the channel after Q4 and Q1 earnings release.
When the markets move straight up for extended periods of time with most months candle sticks being green typically we see strong long term returns for years to come. The market will tell you when its turning bearish and into recessions.
exiting a very long flat market, moving averages are in very strong positions, expecting long bull market until the market tells us otherwise
Up until the end of 2016 we have been in a historically low growth market and the market has moved sideways for 16 years. Despite what the bears have been saying we have not been experiencing a strong bull market at all until 2017 when I believe the newest bull trend has started which will break into a 10-15 year long term growth cycle. recent 5 year bull trends...