FRI 5/29: TRP – CALLING A 2ND SELL SIGNAL @ $66.69 +1.5%

2:45 PM – Shares are selling off with an increase in volume following the recent loss of the 10 DMA. With no meaningful support nearby until approximately ROUND-$65 and the 50 MDA, I am calling a 2ND SELL SIGNAL here before the close.

ULTRA Trader’s Tip: Respect Volume on the Way Down

  • Selling pressure accompanied by higher volume deserves attention.

  • Once the 10 DMA is lost, downside momentum can accelerate quickly.

  • Reducing exposure as support levels disappear helps preserve gains and limit risk.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.