8:40 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
9:41 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Latest Chart Update: MYE
9:40 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
1:05 PM – Calling a 3RD and FINAL SELL SIGNAL this afternoon as shares clearly break below their 50 DMA support while volume is on pace to finish above the daily average. That is a significant technical violation and completes all three SELL SIGNALS on this selection.
With each SELL SIGNAL locking in more than a +30% gain, MYE finishes as a clear winning ULTRA swing trade.
ULTRA Trader’s Tip: Scale Out and Protect a Big Winner
• The 50 DMA is an important support level, and a decisive break below it is a major technical warning.
• Scaling out through multiple SELL SIGNALS allows us to systematically protect gains as a stock weakens.
• Completing all three SELL SIGNALS with gains above +30% shows the value of letting strength work while still respecting technical violations.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Ongoing updates for MYE will be posted at the link below, as soon as each one is made available.
https://buyingbreakouts.com/category/mye/
You can bookmark the page for future reference.
3:44 PM – Calling a 2ND SELL SIGNAL as we head into today’s close. The stock has clearly lost its 10 DMA (blue line) and has continued to exhibit bearish technical action with a string of down days from its recent high. With a substantial +36.3% gain still intact, the continued deterioration is another signal to take additional profits and reduce exposure.
ULTRA Trader’s Tip: Protect Big Winners as Weakness Develops
• A strong previous gain does not override current bearish technical action.
• A string of declining sessions followed by a clear 10 DMA violation signals that momentum has changed.
• Scaling out allows you to systematically protect profits as technical weakness develops rather than waiting for the entire gain to disappear.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
10:05 AM – Calling a 1ST SELL SIGNAL here to lock in some solid profits as shares begin to get extended from the 10 DMA. Taking partial profits after a strong advance is consistent with our disciplined trading approach.
ULTRA Trader’s Tip: Selling Into Strength Is a Strategy
• Taking partial profits after a strong run helps reduce risk without abandoning the trade.
• Stocks that become extended from the 10 DMA often pull back to reset.
• Scaling out allows you to protect gains while still participating if the uptrend continues.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:44 PM – Selling all of my MYE as we head into the week’s close. As stated when I recently sold my TILE position, this sale may be premature as well. However, I am looking to book another confidence-building win.
My account is now well above all the major benchmarks and will close this week at an all-time Net Account Value. I am also reducing my near wide-open margin exposure as the S&P 500 continues to struggle technically and show bearish signs.
James’ Trader’s Tip: Protect Progress When You Have It
• Big gains deserve to be converted into realized profits.
• Reducing margin exposure after a strong run helps protect account equity.
• When the broader market is showing technical weakness, locking in winners can be the smartest move.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Latest Chart Update: MYE
9:10 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Latest Chart Update: MYE
9:15 PM -We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.
The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.
CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:31 PM – Buying a 1/3 stake in MYE as the stock has just broken out to new all-time highs on volume running at roughly twice the normal rate. That combination of price and volume strength is a powerful technical BUY SIGNAL.
ULTRA Trader’s Tip: New Highs Are a Sign of Strength
• Stocks making new all-time highs have no overhead resistance from prior buyers.
• Heavy volume suggests institutions are actively accumulating shares.
• The strongest stocks often look expensive before they move even higher.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
3:50 PM – Calling an early BUY SIGNAL on MYE as we head into today’s close. A move above $24 would provide stronger confirmation; however, today’s price action, combined with nearly double the stock’s normal volume, is showing clear signs of strength. A 1/3 position entry here also offers a price that is more closely aligned with the 10 DMA.
ULTRA Trader’s Tip: Early Entries vs. Confirmed Breakouts
• Early entries can offer a better risk/reward profile by keeping purchases closer to support.
• Breakouts above resistance provide stronger confirmation but often come at a higher price.
• Volume is a key ingredient. Increased volume suggests institutional demand may be entering the stock.
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Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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