Jul. 28 at 2:55 PM
TUE 7/28:
$OII – CALLING A 1ST SELL SIGNAL @
$49.55 +22.8%
10:14 AM – Calling a 1ST SELL SIGNAL this morning as shares sell off sharply on a massive 185% increase in volume. The heavy-volume decline signals strong institutional selling pressure and represents a clear change in the stock’s recent technical character.
ULTRA Trader’s Tip: Heavy Selling Volume Demands Respect
• A sharp decline on unusually high volume often signals institutional distribution.
• The greater the volume increase, the more significant the technical warning becomes.
• Protecting a strong gain begins with responding when a stock’s price-and-volume action changes materially.
https://buyingbreakouts.com/tue-7-28-oii-calling-a-1st-sell-signal-49-55-22-8/