TRADING TIPS

ULTA Breaking Out

Hubert Senters here. Let’s take a look at ULTA. Biggest net gainer on the Nasdaq. Second biggest net gainer on the S&P overall rock into the high side. We have broken out of this consolidation sideways. I call this the box of pain right here. So it’s just kind of like because it’s a pain in the rear end to trade these things when they consolidate like this. You can see that it had a. Let’s count, one, two, three, four, five, six resistance. Six templates of resistance or six template, top. I don’t know. I don’t know what the term is for. It’s a lot. It broke away the previous trading day and it followed through today. Next target would be north of $300. Add ULTA to your long watch list or get long some of that bad boy and ride it to about $3 to $320. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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