Aug. 12 at 2:17 PM
WED 8/12:
$ENOV – CALLING A FINAL SELL SIGNAL @
$23.78 -15.4%
9:47 AM – Calling a FINAL SELL SIGNAL this morning as the stock has failed to recover from its earnings sell-off and is making new lows today. The continued inability to rebound following the sharp decline confirms the ongoing technical weakness and warrants fully closing out this selection.
ULTRA Trader’s Tip: Failure to Recover Is Technical Weakness
• After a sharp sell-off, a healthy stock should begin showing signs of stabilization or recovery.
• Continued weakness and new lows indicate that sellers remain in control.
• When a stock repeatedly fails to recover after a major technical breakdown, respect the weakness and move on.
https://buyingbreakouts.com/wed-8-12-enov-calling-a-final-sell-signal-23-78-15-4/
