Reverse S/H/S + cup & handle formed ULTA goes higheron the 1hr chart, ULTA price action forms a reverse S/H/S + cup & handle. Very bullish going into ULTA's earning nex week
ULTA trade ideas
Daily TTM squeeze set upULTA daily looks good TTM squeeze, 8ema crossing 21ema, break above supply zone.
$ULTA - in gap fill zoneStrong hammer candle for April 13
Entered and exited April 12, two times and booked nice gains.
I would love a pull back under $330 for entry
I will replay what works. $330 strike May 14 expiration, most likely
ULTA gap fill playULTA broke the neckline of the inverted head and shoulders. Headed for first gap zone around 336.81. Then on up for the big gap which needs to hit 346.56 to close. Multi day swing
$ULTA ER gap aboveULTA is currently on a rising wedge that needs to break out of, or we'll see a breakdown on shorter timeframes. Stoch RSI seems a bit toppish and it's looking like it might trade around this range for a while, until we get some decent volume or a catalyst. A breakout higher this week above post ER high's should be a great signal to go long to fill the gap above. Will be watching closely to hold these levels unless that rising wedge proves to be bearish. Looking at long dated calls for this strategy as well as puts if below 314.5.
ULTA over 325.00ULTA has been building an inverted head and shoulders pattern after a bad earnings reaction in March leaving a gap above. If this can follow through over 325.00 with volume we could see a nice move. 50% fib can serve as stop loss.
$ULTA - 1 day to 10 day playAccording to my screener, and historical profiling, and tracking past 8 Friday's performance, and listening to people smarter than me....
Holding above $320 on a close is that for which I have been waiting.
Grabbing options at the open, ride it til 30% then GTFO.
$ULTA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ULTA after a Negative over reaction following its earnings release placing the stock in drift C
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👧 ULTA Trade Plan (4/1)-(4/30) 👧🔸 Long Above 313.30 TGT 317.5/322/325/327/330
🔸 Short Below 309.60 TGT 305/301-300/297.4/293
❗ Wait for Confirmation before entering a Position. Stick with 4/1 for Scalps/Daytrades or 4/9 or 4/16 for Swings❗
ULTA breaking out of trend channel, target 350 for wave 3Constructive start on ULTA after being trapped within the trend channel for a couple of weeks. Also good backtest of the upper resistance, suggesting a potential for a bullish start. We could potentially be coming up on the wave 5 ending for the cyan count, and could see a small pullback to complete the green wave 2. From there, next targets are the green wave 3 to 350, and then the blue wave 3 to 400.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2020
ULTA Bullish Trenline break likelyExpecting Ulta to finally move over trendline and move to at least 300.
$ULTA - strong potentialIn call options.
This has: golden cross coming, amazing ATR, so much room on the stochastic, holiday earnings, and a wedge building pressure to break out.
$ULTA - golden crossPlaying the golden cross.
I have many golden crosses that I am playing this week. All are options.
$ULTA - Falling Wedge$ULTA
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$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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ULTRA BEAUTY (CALL)ULTRA BEAUTY FOR CALL
My overview for upcoming Earning Session (Thursday) *After market Close*
Overall Market structure are still bearish (Weekly Making Bearish Flag)
Orange Line are the obstacle (Take Profit)
Best Regards
