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[Platinum Sell Alerts] (3.28.23) Sell Alert Triggered

[Platinum Sell Alerts] (3.28.23) Sell Alert Triggered
August 21, 2023

PAPER TRADE ONLY 

Sold PFGC – 58.50 

Price action wicked up past the resistance level at the 50-day SMA and hit a sell limit order. Price action then fell below the 50. This stock was on the watchlist for 1 day and provided the paper trade portfolio with a 2.67% gain or $152.00 profit on a 100-lot position. 

Note: All the oscillators are still green and price action is above all our critical SMAs except the 50, so guideline criteria are still being met, however as a risk adverse trader, I would choose to take may gain and not fight the battle at this resistance level. 

Others with a higher level of risk tolerance might stay in the trade for the potential of more potential gain.  

“Risk comes from not knowing what you’re doing.”- Warren Buffet  

This information is for educational purposes only and is not a recommendation to buy or sell a security.

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