Cblast1
Long

ULTA Analysis

NASDAQ:ULTA   ULTA BEAUTY INC
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 before Earnings )

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