FRI 3/6: RBC – CALLING A 2ND SELL SIGNAL @ $547.82 +1.3%

3/6 FRI: RBC – CALLING A 2ND SELL SIGNAL @ $547.82 +1.3%

3:16 PM – Shares gapped down today to new recent lows, signaling increasing selling pressure. The stock is beginning to develop a clear downtrend as momentum fades. Calling a 2ND SELL SIGNAL here to continue scaling back exposure.

ULTRA Trader’s Tip: Downtrends Develop in Stages

  • Gap downs often signal urgency from sellers, not normal volatility.

  • When a stock begins making new lows, the trend is shifting.

  • Scaling out in stages protects gains while the chart deteriorates.

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