THU 4/16: KNSA – CALLING A 3RD SELL SIGNAL (1/3) $45.31 +1.7%

3:58 PM – After recently being clearly turned back from its 10 DMA last week, shares have now lost 50 DMA support later this week. That sequence confirms a shift in trend and continued technical deterioration. Calling a FINAL SELL SIGNAL here.

SELL SIGNALS:

12/26 $41.92 -5.9%
1/15 $37.20 -16.5%
4/16 $45.31 +1.7%

ULTRA Trader’s Tip: When Support Fails in Sequence

  • A turnback from the 10 DMA is often the first sign of weakening momentum.

  • A break below the 50 DMA confirms deeper technical damage.

  • When both occur, it’s a high-probability signal to exit and protect capital.

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