This GoNoGo Chart of Tesla’s daily prices demonstrates the value of the GoNoGo Oscillator and its interaction with the zero line.
The GoNoGo Trend indicator found the “Go” trend that we have been in since mid April and every time the stock has paused for breath the GoNoGo Oscillator has fallen to the zero line. Each time the Oscillator has rallied off the zero line we have seen low risk entry opportunities to take part in the “Go” trend.
Most recently this happened on June 29th.
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)
The GoNoGo Trend indicator found the “Go” trend that we have been in since mid April and every time the stock has paused for breath the GoNoGo Oscillator has fallen to the zero line. Each time the Oscillator has rallied off the zero line we have seen low risk entry opportunities to take part in the “Go” trend.
Most recently this happened on June 29th.
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)
