MON 2/23: LQDT – CALLING A 3RD SELL SIGNAL @ $30.70 -5.5%

10:36 AM – Shares are once again being turned back from the 10 DMA, and that rejection is a SELL SIGNAL. Repeated failure at short-term resistance confirms continued technical weakness. Calling a 3RD and FINAL SELL SIGNAL.

SELL SIGNALS:
2/11 (1/3) @ $31.44 -3.3%
2/12 (1/3) @ $30.93 -4.8%
2/23 (1/3) @ $30.70 -5.5%

OVERALL P/L: -4.5%

ULTRA Trader’s Tip: Repeated 10 DMA Rejections Confirm Weakness

• When price repeatedly fails at the 10 DMA, momentum is deteriorating.

• Multiple sell signals remove hope from the equation.

• Closing the trade prevents deeper drawdowns.

• Controlled losses protect long-term performance.

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