WED 7/8: BY – CALLING A 2ND SELL SIGNAL @ $36.58 +13.7%

9:56 AM – Shares are gapping down this morning and clearly breaking below the 10 DMA. This follows a sharp Negative Reversal just a few sessions earlier and confirms further technical deterioration. Calling a 2ND SELL SIGNAL here.

ULTRA Trader’s Tip: Warning Signs Often Arrive in Sequence

  • A Negative Reversal can be the first sign that momentum is changing.

  • A subsequent break below the 10 DMA confirms that weakness is developing.

  • Recognizing the sequence early helps protect gains before the chart deteriorates further.

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