WED 1/21: PGNY – CALLING A 2ND SELL SIGNAL @ 25.37 -3.4%

3:23 PM – The 50 DMA is now acting as firm resistance as the 10 DMA has clearly rolled over, confirming continued technical deterioration. Calling a 2ND SELL SIGNAL here. The next meaningful support sits near the ROUND-$25 level; a decisive break below that would trigger the FINAL SELL SIGNAL.

SELL SIGNALS:
1/15 (1/3) @ $25.28 –3.8%
1/21 (1/3) @ $25.37 –3.4%

OVERALL P/L: –3.6%

ULTRA Trader’s Tip: When Support Becomes Resistance, Risk Escalates

  • Former support acting as resistance signals a change in character.

  • A rolling over short-term average confirms momentum deterioration.

  • When structure weakens, scaling out protects capital before losses accelerate.

  • Let price structure, not hope, dictate position management.

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