If Beauty falls in could be beautiful. This is a classic situation where fear, uncertainty and doubt all come together. The situation with ULTA is critical on the weekly and exposes opportunities on lower time frames.
ULTA trade ideas
Q3 SellStretch valuation
Higher expenses weighing in on operating margin
Lower demand due to change in preference ( all-natural is said to be the trend )
ULTA update: watching for the FOMO bulls' next moveThis educational screencast is I hope useful in showing how price action can be assessed from various perspectives. It is now pretty late in the game to short ULTA. See ULTA - Journey South ? (from 20th Nov 2018).
I expect FOMO bulls to rush into ULTA, fighting for a few crumbs! LOL. That expectation is based only on human psychology. Make no mistake, it is psychology that works at the tips of the markets.
See also what happened to FOMO Bulls in NVIDIA .
I re-emphasise that I have no need of working out where price is going to go. I'm using a probability model instead of a 'predictive' model. Hence - no targets, only controlled acceptable losses.
$ULTA sharp correction. Look for Long term Buy area.With market in volatile and downward trend, good companies with punished following earnings. $ULTA in at long term support area. Might interest long term investors.
May not be suitable for short term traders in this market condition.
Sell until earningsBelow $281 is just right but should be a lot lower IMO. Sell until just before earnings then reevaluate
ULTA Bearish Engulfing forming on weeklyWhile the whole market is falling, ULTA has cruised through and made ATH.
ULTA Bearish Engulfing forming on weekly right at ATH.
4 hour chart -update Worked nicely, still holdingIn this market, the relative strength is king! Still long from 279
$ULTA STRONG BUT MAY NEED A RESTULTA STRONG BUT AT RESISTANCE AREA ON DAILY
COULD PULLBACK THROUGH BROADENING FORMATION HERE
TIGHT LEASH AS OVERALL TREND IN THIS ON HAS BEEN UP
[ULTA] phase 2The price is going up, and it's above 30MM. If the price breaks 313.28 the price won't have limits :O
Why we went long ULTA on Oct 29thGolden cross on the 26th, way off the lows on the 29th told us it was time to get in @ 279
Sell ULTACounter intuitive trade
No new highs, daily
Looks like a head and shoulder set up pattern
Weekly shows green hammer at the top
MACD shows cup and handle accumulation
Stoch shows direction to oversold area
Playing the gap
Looks like price action is rolling over to fill lower
S/L 291
T/P 243.51
R/R 4.25
Profit Trading!!!
