ULTA trade ideas
$ULTA with a slight bearish outlook following earning releaseThe PEAD projected a slight bearish outlook for $ULTA after a negative under reaction following the earnings release with the stock being placed in Drift D
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ULTA BEAUTY Opinion DailyHey people, ULTA BEAUTY is in a bullish movement with a hammer candle shape and unusual buy volume paid off. The TIMEFRAME M1 shows us a bullish dash with low buying volume at the end of the session. So the conditions are met for it to continue its buying force with great potential to breakout the price of the scrapping of the line that tells its story. To get to the top after if buyers are still pushing to reach the top of the top. All these points visible on (MULTI TIMEFRAME D1 H4 and H1).
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$ULTA 15-Minute DowntrendHas a clearly defined downtrend from yesterday on 15-minute chart that it is trying to break. Tested strong resistance at $244 yesterday before fading. It's starting to gain some momentum with RSI crossing above 30 and is about to have MACD cross. Will take a lot to get it back to $244 today but watching for intraday reversal this morning.