WED 2/4: AEM – CALLING A FINAL SELL SIGNAL @ $197.25 +12.9%

3:52 PM – Today’s rebound stalled at the ROUND-$200 level as the 10 DMA continues to roll over, signaling waning short-term momentum. In a broader tough market environment, I’m calling a FINAL SELL SIGNAL here and booking a solid winner.

SELL SIGNALS:
1/14 (1/3) @ $197.72 +13.1%
2/2 (1/3) @ $189.70 +8.5%
2/4 (1/3) @ $197.25 +12.9% FINAL

OVERALL P/L: +11.5%

ULTRA Trader’s Tip: Resistance Can Pause/End Gains

  • Round-number levels are clear technical levels of support/resistance.

  • A rolling-over 10 DMA confirms momentum is losing support.

  • Locking in gains when strength stalls keeps profits realized.

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