TUE 9/8: SONO – CALLING A FINAL SELL SIGNAL @ $14.49 -10.0%

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. •

10:30 AM – Calling a FINAL SELL SIGNAL here this morning as shares sell off sharply and break decisively below the 50 DMA while volume is currently running 163% above average. That combination of a major support violation and extremely heavy selling volume is a significant bearish technical development and completes the SELL process on this selection.

ULTRA Trader’s Tip: Heavy Volume Makes a Major Support Break More Significant

  • A decisive break below the 50 DMA is a major technical violation.

  • Volume running 163% above average shows that the selling pressure is unusually strong.

  • When major support fails on extremely heavy volume, respect the signal and move on.

https://buyingbreakouts.com/tue-9-8-sono-calling-a-final-sell-signal-14-49-10-0/

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