$ULTA - RC -
Added 2024-04-04 11:45:48 +0000 UTC$ULTA dropped -15% yesterday post earnings after the CEO announced that their are signals of slowing down demand.
However the earnings was still a double beat and analysts have came out and said this is still considered a strong buy with a PT above $630.
We have a pull back on the chart but no breakout of the structure, in any way.
I have added the amber fib levels to show where support can come in and the next level to test is the 0.78 Fib at $413, if the 200 Day MA is not recaptured this week at $458.
Bear case is below the Wave 4 level at $370.
