FXstreet

After staging an impressive post-earnings pop in late May, the shares of Ulta Beauty (ULTA) spent the former half of this month consolidating just below the $430 level before losing some of this steam as June volatility wore on.
The weekly price is ranging near and around Ichimoku cloud for waiting for the direction of the strong price to be moved:
- the price will be bouned to the bullish condition if the price breaks 429 resistance level to above;
- the price will be reversed to the bearish market condition in case the price breaks 330 support level to below.

more...