FRI 1/23: GVA – CALLING A 2ND SELL SIGNAL @ $119.61 +6.5%

3:48 PM – Shares are losing support at the 10 DMA and are now breaking below the ROUND-$120 level, signaling a deterioration in short-term structure. Calling a 2ND SELL SIGNAL here and taking another round of profits.

SELL SIGNALS:
12/31 (1/3) @ $116.38 +3.7%
1/23 (1/3) @ $119.61 +6.5%

ULTRA Trader’s Tip: When Support Levels Stack, Pay Attention

  • Losing the 10 DMA weakens short-term momentum.

  • Breaks of round-number support often accelerate selling pressure.

  • Scaling out as structure fails keeps profits protected while risk rises.

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