Aclaris Therapeutics sees GoNoGo Trend identify a new “Go” trend.
The GoNoGo Oscillator showed some bullish divergence as it made a higher low on August 18th as price made a lower low at the same time. Shortly after, the GoNoGo Oscillator failed to find resistance at the zero line and broke through that level into positive territory. The GoNoGo Trend has confirmed this change in environment by painting first amber “Go Fish” bars and then aqua “Go” bars. We will want to see the GoNoGo Trend strengthen next to paint strong blue bars as the trend takes shape.
