Change the Lens series – a look at Ulta Salon Cosmetics

For those that do a lot of chart review work (moi) it is important to make sure that you look at each chart from a few different perspective. To illustrate this I bring you several charts of $ULTA starting with a basic Daily:

ULTA_C
Now let’s start adding some Horizontal Lines to this Daily chart:

ULTA_D
Now for an entirely different look, I have drawn a Megaphone showing the recent 2 month price action on the Daily:

ULTA_Megaphone
One final Daily chart showing the Gap Fill below that remains unfilled:

ULTA_Gap_Fill

A review can not be complete unless you also look at other time frames. Here is the Weekly:

ULTA_Weekly_B

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