Jul. 21 at 2:41 AM
$PNW – MON: CALLING A 2ND SELL SIGNAL @
$106.52 +1.3%
3:35 PM – Following Friday’s negative reversal, shares continue to weaken today and appear poised to close below our previously identified support near
$107.00. That additional technical deterioration triggers a 2ND SELL SIGNAL. The next area of support to watch is near
$105.00.
ULTRA Trader’s Tip: Broken Support Often Becomes Resistance
• A negative reversal frequently signals that buying momentum is beginning to fade.
• When a stock breaks below an established support level, that area often becomes future resistance.
• Scaling out as support levels fail helps reduce risk while preserving capital for stronger technical opportunities.
https://buyingbreakouts.com/mon-7-20-pnw-calling-a-2nd-sell-signal-106-52-1-3/
