MON 8/24: OKE – CALLING A 1ST SELL SIGNAL @ $93.33 -6.2%

3:17 PM – Calling a 1ST SELL SIGNAL as the stock has clearly broken below its 10 DMA. That loss of our key short-term support level is a technical violation and a default SELL SIGNAL under our rules.

ULTRA Trader’s Tip: Follow the Rule, Not the Emotion

  • The 10 DMA is one of our primary technical guideposts.

  • A clear break below that line tells us the technical condition has changed.

  • Predetermined SELL rules eliminate guesswork—when the violation occurs, respect the signal.

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