Wednesday, January 31, 2018

ULTA looking bearish Update 5



We got a very constructive candle today. Nice big red bar with a close below the 8ema and 50sma, and near the bottom of the bar. In fact, the low was only $2 over our target. Close enough to tempt me to get out with a nice profit, but I fought the urge and held on. It looks very likely we'll hit the target tomorrow.

Looking forward to the market open.

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