MON 2/2: AEM – CALLING A 2ND PROFIT TAKING SELL SIGNAL @ $189.7 +8.5%

3:55 PM – Shares are not making a quick recovery from Friday’s sharp sell-off, indicating continued short-term weakness. Calling a 2ND profit-taking SELL SIGNAL here and trimming further portfolio exposure.

SELL SIGNALS:
1/14 (1/3) @ $197.72 +13.1%
2/2 (1/3) @ $189.70 +8.5%

OVERALL P/L (ON SOLD SHARES): +10.8%

ULTRA Trader’s Tip: Weak Recoveries Deserve Respect

  • Strong stocks bounce quickly after sharp sell-offs.

  • When recovery stalls, momentum has shifted.

  • Taking profits as strength fades protects gains before pressure rebuilds.

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