What a run Microsoft has been on! The GoNoGo Trend has highlighted the “Go” trend that has been in place since the 14th of April. The ebb and flow of the move has been painted *bright blue and pale blue as price surges and corrects within the trend.
After another higher high, price has weakened (pale blue bars) and if the trend is to continue we’d expect a higher low to be made here.
That being said, the GoNoGo Oscillator should rally off zero back into positive territory as it has several times before. Each time this happens, the GoNoGo Charts displays a green circle, a low risk entry into the trend.
If the trend continues, we will likely see another low risk entry point soon. If the trend cannot continue, GoNoGo Charts will tell us, first with the GoNoGo Oscillator breaking below zero and then with the GoNoGo Trend being unable to maintain the blue “Go” color.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
After another higher high, price has weakened (pale blue bars) and if the trend is to continue we’d expect a higher low to be made here.
That being said, the GoNoGo Oscillator should rally off zero back into positive territory as it has several times before. Each time this happens, the GoNoGo Charts displays a green circle, a low risk entry into the trend.
If the trend continues, we will likely see another low risk entry point soon. If the trend cannot continue, GoNoGo Charts will tell us, first with the GoNoGo Oscillator breaking below zero and then with the GoNoGo Trend being unable to maintain the blue “Go” color.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)