Sep. 9 at 2:21 PM
WED 9/9:
$CNO – Breaking Below
$55 – Triggering a SELL SIGNAL
10:12 AM – As reported last night, “a break below
$55.00 would be a SELL SIGNAL.” This morning shares are trading below that level while volume is running above average. That drop below the ROUND-
$55 support level, accompanied by increased volume, is enough to trigger our 2ND SELL SIGNAL.
ULTRA Trader’s Tip: Define the Sell Level Before It Breaks
• Identifying important support in advance gives us an objective level to act on.
• A break below ROUND-
$55 shows that the previously identified support is no longer holding.
• Increased volume adds significance to the violation and reinforces the SELL SIGNAL.
https://buyingbreakouts.com/wed-9-9-cno-breaking-below-55-triggering-a-sell-signal/
