Aug. 27 at 2:15 PM
WED 8/26:
$OII – CALLING A 2ND SELL SIGNAL @
$49.31 +22.2%
3:35 PM – Calling a 2ND SELL SIGNAL here before the close as shares continue to deteriorate technically. After recently breaking below the 10 DMA, the stock is now falling below our previously noted support at the ROUND-
$50 level. That represents another technical violation under our rules.
ULTRA Trader’s Tip: One Violation Can Lead to the Next
• Losing the 10 DMA is often the first indication that short-term momentum is weakening.
• A subsequent break of another identified support level confirms that the weakness is continuing.
• Scaling out as technical violations accumulate allows you to systematically protect a substantial winner like this +22.2% gain.
https://buyingbreakouts.com/wed-8-26-oii-calling-a-2nd-sell-signal-49-31-22-2/
