TUE 3/17: OOMA – BUYING (1/3) @ $14.14

9:46 AM – Starting a 1/3 position here as the stock continues advancing from its 10 DMA with an increase in volume. That combination of price support and volume expansion is a constructive signal of demand.

James’ Trader’s Tip: Strength Off the 10 DMA

  • The 10 DMA is the key line for short-term momentum.

  • Moves higher from this level, especially on volume, often lead to continued upside.

  • Initiating positions near support keeps risk tight and entries disciplined.

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