WED 8/19: AFL – CALLING A FINAL SELL SIGNAL @ $119.84 -2.6%

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. •

10:11 AM – The stock is gapping down this morning and breaking below our previously noted ROUND-$120 support on increased volume. The combination of a gap lower, loss of support, and expanding selling volume represents multiple bearish technical violations. Calling a 2ND yet FINAL SELL SIGNAL here and to close out coverage on this selection.

ULTRA Trader’s Tip: Multiple Violations Strengthen the Signal

  • A gap lower immediately shows increased selling pressure.

  • Breaking a previously identified support level adds another bearish technical violation.

  • When weakness is accompanied by increased volume, the evidence becomes even stronger—respect the signal and move on.

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