Rising Wedge + Simple ABC Correction + Support + Bullish Momentum ULTA continues to rise in Bullish Channel (Rising Wedge) in anticipation of earnings. 2 Long wick rejections of Support and 14EMA (PivotPoint imperfect rejection) show that we have completed C wave and look for an expected move to wave D target of 228.87. Options Trade: 5/29 230c (Sell right...
As i said on friday Ulta had 2 options it took the ladder forming a stronger base. Hit lows of today and double barred up. Watching closely till we get a break in the wedge. wont add positions until we get confirmation to much chop for me.
ULTA Coming out of channel from lows in september. Been bouncing the 228-250 range for the last couple of months and is finally tightening to a break up or down. Based off of todays close (1/3/20) it looks like it may break down once more to the 235-240 area before a rip to 260+. If by an off chance we break the flag on the upside first target is a simple 260 will...
Retesting weekly levels, 1d SFP confirmed. Seemingly more topside to come.
IV is pretty high on ULTA after the drop and its trending well, there are a few false breakouts and RSI is rising. Looks like a good play. 2x Iron condor spread 200/205/275/280 Credit collected as $144 deltas were 0.33 and 0.2 on the options sold I plan to take my profit at 30% max credit since the IV isn't that high for this to be a 50% max credit trade and...
Chart pretty well tells the story - note that this set up has possibility for 2 entries, so you pick - take first, take lower, take both? Keep good money management as we are looking for trend break and buying a low.. risky, but much possible reward. If we just break out now without coming back to pick me up.. will have to look for entry/stop above after...
EARNINGS: Earnings are light in the coming week, with ULTA (90/47) being the best candidate metrically for a earnings-related volatility contraction play, although its liquidity isn't great. Pictured here is a 205/210/265/270 iron condor in the January cycle that is paying 2.06 at the mid (1.03 at 50% max). Markets, however, are showing wide here. SINGLE NAME...
Looking at a gorgeous falling wedge pattern sitting under a huge Gap that's eager to get filled. based on this price action, a potential breakout (or breakdown) is due sometime before Christmas. Lets see if it has enough momentum to break through these resistances and take a swing for gap fill!
This is a MONTHLY chart. Each candle represents one month of price action. Quick question. When a stock goes up, can we all agree that the market is buying it? Well of coarse! And we should be able to draw an up trend line that touches 2 or more candle lows to visually represent an increase in price over time. One more quick question. What does it mean if we...
This a trade set up I'm watching for next week, once price enters that purple box we should fly up to about 320 I put the target at 328 because that's where the 0.618 fib extension and second gap are located. This chart is also based on info of insider trading and a cup & handle formation check out the attached chart for more on that.
Insider Charles Heilbronn bought 243,849 shares on 2019-09-30 at $241.52 and I see a cup and handle formation going on day 5 of daily candle closes.
Ulta's previous resistance becoming support. I've been loading up on 9/27 calls. Do your own due diligence. Do not trade on my comments. ULTA
We expect weakness to continue in $ULTA. There was quite a bit of technical damage done last week and we are targeting $184 to $194 on the downside. Ulta Beauty (NASDAQ:ULTA) went into a freefall last month after a soft Q2 earnings report and warning on a July to August slowdown in color cosmetics sales. During the earnings call (transcript), Ulta execs stated...
ULTA Beauty Stock Bubble Analysis 100% Americans Bullish = Bearish
ULTA's RSI divergence and Gap make for an interesting short play.