WED 1/14: RY – CALLING A FINAL SELL SIGNAL @ $168.60 +11.9%

3:54 PM – The 10 DMA continues to act as firm resistance, and share price is now trending lower from that level. That ongoing failure confirms fading momentum. Calling a FINAL SELL SIGNAL here and closing out a successful swing trade.

SELL SIGNALS:
12/9 (1/3) @ $163.42 +8.4%
1/13 (1/3) @ $168.85 +12.0%
1/14 (1/3) @ $168.60 +11.87%

OVERALL P/L: +10.8%

ULTRA Trader’s Tip: Resistance Decides the Exit

  • When the 10 DMA repeatedly caps price, momentum has shifted.

  • Trending lower from resistance is the market’s confirmation, not noise.

  • Finishing trades cleanly protects gains and keeps capital ready for the next opportunity.

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