TUE 2/3: MEDP – CALLING A FINAL SELL SIGNAL @ $568.51 -7.8%

3:55 PM – Shares were turned back from the 10 DMA, which has acted as firm resistance in recent sessions. That repeated rejection confirms continued technical weakness. With downside pressure persisting, I’m calling a FINAL SELL SIGNAL here and exiting the position.

SELL SIGNALS:
12/4 (1/3) @ $550.48 –10.7%
2/2 (1/3) @ $587.01 –4.8%
2/3 (1/3) @ $568.51 –7.8% FINAL

OVERALL P/L: –7.8%

James’ Trader’s Tip: Multiple Failures Are a Verdict

  • One test of resistance can be noise.

  • Repeated turnbacks from the 10 DMA are confirmation.

  • Exiting decisively when momentum fails prevents losses from compounding.

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