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ULTA Reversal Pending

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Ulta Beauty, Inc. (NASDAQ:ULTA)  
BullsEyeView  
NASDAQ:ULTA   Ulta Beauty, Inc.
Trend Analysis Technical Indicators Chart Patterns ULTA ultabeauty LONG longsetup reversal rsi_divergence
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trendanalysis indicator chartpattern ulta ultabeauty long longsetup reversal rsi_divergence
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.
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