WED 1/7: NEM – CALLING A 2ND SELL SIGNAL @ $104.72 +11.3%

9:40 AM – Shares remain above their 10 DMA at $103.92, but with a strong move already in place, it makes sense to take additional profits here. Calling a 2ND SELL SIGNAL to further lock in gains while momentum is still favorable.

SELL SIGNALS:
1/2 (1/3) @ $99.30 +5.5%
1/7 (1/3) @ $104.72 +11.31%

OVERALL P/L: +8.4%

ULTRA Trader’s Tip: Profits Are Taken, Not Hoped For

  • You don’t need a breakdown to justify taking profits.

  • Selling strength above the 10 DMA is disciplined, not premature.

  • Scaling out into gains reduces emotional pressure and keeps capital working efficiently.

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