There were lots, while the sell signals themselves aren't subjective, whether you obey them or not is .. and that comes down to how much you're willing to give back to try and catch the bigger move as a stock that is going to trend upward for years is going to come down and break the 50d a few times during that run, much fewer examples I've found where they break the 200d though except by trading sideways through it in a long base during the uptrend. No different to buy signals on the way up though, sell signals don't always work, they are just points where something is a higher probability with a risk control point nearby(point where you are wrong and cut your losses) so selling a long on a signal is always a risk you are just being shaken out of a winning position
The first signal was it breaking the 50d, if you look at the uptrend from $1 to $9, the only time it was under the 50d was during that base between $2.50 and $3 but it traded sideways through it rather than coming down to it so that's not really a "break" of the 50d. Once the 50d broke that was saying this trend is done and it needs to either base or die, I never thought it would choose death but here we are
The second was the break of the bear flag around $7, there's some additional nuance to that which made it a high quality short setup too which I saw but chose to ignore as the stock having 2 legs down would be entirely normal.
The third was when it rallied back into the 20d and got sold, that should have been my signal to go as that's showing the stock is now in a true downtrend
The fourth and what should have been the I obeyed without question was the break of the 200d, you can see the fund managers puking their stock on that day with the high volume bar(that would be the day Frazis sold I am betting or that day and the following ones depending how much he had to sell .. I've watched a few of his youtubes and he has said the 200d is his final guard rail as part of his risk models).
Plus numerous others on the way down
Maybe the most telling thing during the downtrend was that it couldn't even rally during the ASX200 add, so much selling that they could buy the stock and still it was falling
Most stocks I own I don't have any real conviction in so I would have been out in one of those first 4 if i hadn't sold into strength, this one I do, I think they will make it, eventually
CU6 Price at posting:
$2.23 Sentiment: None Disclosure: Not Held
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