TUE 8/18: PH – CALLING A 1ST SELL SIGNAL @ $1,038.12 +3.4%

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. •

9:42 AM – As noted last night, “Any further declines would be a SELL SIGNAL.” Shares are clearly breaking below the 10 DMA this morning on a sharp increase in volume. That combination of a key technical support violation and increased selling volume warrants calling a 1ST SELL SIGNAL under our rules.

ULTRA Trader’s Tip: Increased Volume Makes a Violation More Meaningful

  • A break below the 10 DMA is a standard technical warning under our rules.

  • When that break occurs on sharply increased volume, it adds conviction to the bearish action.

  • Predetermined rules remove emotion from the decision—when the violation occurs, respect the signal.

https://buyingbreakouts.com/tue-8-18-ph-calling-a-1st-sell-signal-1038-12-3-4/

#PH #Evergy #StockMarket #SwingTrading #TechnicalAnalysis #StockCharts #SupportLevels #Investing #BreakoutStocks #BuyingBreakOuts

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