Daily 2-Minute Chart Study #124 – Sell Signals Galore

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Be on the look out for stocks that are cracking below 38.2 on their monthly RSI for the first time ever (and secondarily if it’s the first move below 38.2 in more than 3 years) since they tend to “crash”.

If you like to short stocks then this is what you should be on the look out for; instruments moving their monthly RSI below 38.2 for the first time ever.

This dovetails beautifully with the phi breakout principle since it’s the exact opposite view:

Universal Law – Phi – Breakout / Breakdown

Lots of sell signals; RSI backtest failure, MACD zero line rejection, RSI 50 level crossing rejection, weekly chart RSI breaks, RSI slashing through 30.9, Uniformity resistances, the 13 or 10 week moving average making fresh 52-week lows Ultimate Muathe Sell Signals on the monthly and so on.

The Ultimate Muathe Sell Signal (UMSS) can help you gauge the kind of downside risk a stock you own is really in.

This approach can also be used to find stocks to short.

All you need is a stock moving its price to fresh monthly closing low levels relative to the recent monthly closing range plus; (a) monthly RSI, and (b) monthly MACD moving to fresh three year lows.

Also watch out for stocks whose monthly RSI are breaking below monthly RSI levels of 61.8, 50, 38.2 and 30.9 for the first time in three years or (for optimum momentum) stocks making all time fresh monthly RSI moves below 61.8, 50, 38.2 and 30.9.

The Ultimate Muathe Sell / Short / Signal [ UMSS ] PLAYLIST

Stock Charts RSI 30 Level & RSI 70 Level Explained

Check out this video on phi or golden mean or 1.618 https://www.youtube.com/watch?v=fvdmISdytXg

Chesapeake Energy Corporation (CHK) – NYSE – $CHK
Seagate Technology Public Limited Company (STX) – NasdaqGS – $CHK


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