TUE 9/8: GPN — Breaks Below the ROUND-$90 and Triggers a SELL SIGNAL

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. •

9:12 PM – GPN triggered a 3RD and FINAL SELL SIGNAL this afternoon as shares fell below the previously noted ROUND-$90 support level. That additional technical violation completes our three SELL SIGNALS on the selection, with this final portion still showing a solid +11.6% gain.

ULTRA Trader’s Tip: Scale Out as Support Levels Fail

  • Round-number levels such as $90 can serve as important areas of technical support.

  • A break below previously identified support provides an objective reason to take additional profits.

  • Scaling out through multiple SELL SIGNALS allows us to systematically protect gains as technical weakness develops.

https://buyingbreakouts.com/tue-9-8-gpn-breaks-below-the-round-90-and-triggers-a-sell-signal/

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Comments

Back to TalkMarkets