Ultabeauty
ULTA Reversal PendingNASDAQ: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.
ULTA Reversal PendingNASDAQ: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.