MON 8/24: AYA – SELLING (ALL) P/L: -$483.36 -4.8%

James F. Taulman
James F. Taulman
James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system. •

10:03 AM – Selling my remaining 1/2 position in AYA as the stock continues to exhibit bearish technical action. Today’s move is essentially another turnback from the 10 DMA, with shares printing new recent lows while trading lower on increased volume. With multiple signs of weakness continuing to stack up, I’m fully exiting the position here.

James’ Trader’s Tip: Ongoing Weakness Is a Sell Signal

  • Repeated rejection at the 10 DMA shows that former support has become resistance.

  • New recent lows confirm that downside pressure remains in control.

  • When bearish price action continues on increasing volume, the technical evidence is telling you to reduce exposure.

https://buyingbreakouts.com/mon-8-24-aya-selling-all-p-l-483-36-4-8/

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