FRI 3/20: OOMA – CALLING A 2ND SELL SIGNAL @ $13.56 -2.9%

4:29 PM – Calling a quick 2ND SELL SIGNAL here as shares have again been turned back from the 10 DMA, with that line is now clearly rolling over. In addition, overall market conditions continue to deteriorate, adding further pressure.

ULTRA Trader’s Tip: Follow Through Matters

  • Failed rallies into the 10 DMA confirm it has become resistance.

  • A rolling over 10 DMA signals weakening short-term momentum.

  • In weak markets, quick follow-through to the downside warrants decisive action.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.