Chart Patterns & Algorithmic Trader (Jan. 28, '20) (74)
ULTA Inverse Head & Shoulders Pattern
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Ulta Beauty Inc (ULTA) is trading in a Inv. H&S Pattern (F) on its daily chart.
A Long entry is entered when price closes above the neckline with a strong
up trend. Enter a long trade above $258.18 and place a stop below $222.09
($36.09). Targets are placed from $341.1 to $363.6 in target1 zone and from
$428.5 to $475.5 in target2 zone.
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