MON 4/20: POR – CALLING A 2ND SELL SIGNAL @ $51.13 -6.2%

3:46 PM – Quickly calling a 2ND SELL SIGNAL here as shares are being turned back from the 50 DMA, which is now acting as resistance. That shift confirms weakening momentum and a developing downtrend.

ULTRA Trader’s Tip: When Support Turns to Resistance

  • The 50 DMA shifting from support to resistance is a key warning sign.

  • Failed rallies into that level confirm sellers are in control.

  • Scaling out helps protect capital as the trend deteriorates.

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