TWEET: $ULTA
Added 2024-08-15 10:25:17 +0000 UTC**On the weekly chart, previous chart that we normally use is the daily chart
Buffett added $ULTA in the last Quarter
This meant that he added before the 30th of June
$ULTA dipped below the 200 WMA for the last 10 day of June (white circled)
Making it technically undervalued, coupled with his strict criteria of only buying fundamentally undervalued positions, with a margin of safety
Both Technicals and Fundamentals aligned and he added. Buffett only needs to verify fundamentals to enter a position
We use both.
Comments
Sorry, I don’t see the buy signal. What is it, Cap? From a technical perspective.
DC
2024-08-15 13:20:19 +0000 UTC
