Cathay General Bancorp seeing a change in trend. The “Go” trend that has been in place for a long time and has shown incredible returns for investors seems to have ended for now.
After riding the zero line for almost two weeks, causing an extended GoNoGo Squeeze grid to climb and stay at the max, the GoNoGo Oscillator has moved into negative territory. This break out of the Squeeze to the downside comes with a change in color and an “NoGo” flag in the GoNoGo Trend indicator.
