Leslie’s Inc has emerged with a “Go” bar after enduring a multi month “NoGo”.
As price moved lower setting lower lows and lower highs we saw the GoNoGo Oscillator as expected remain at or below the zero line. Each time it was turned away by the zero line we saw a low risk NoGo Trend continuation red circle above the price bar. Finally, in early September, the GoNoGo Oscillator broke into positive territory after having ridden the zero line for several bars and is now in in positive territory. This movement of the oscillator suggested the change in trend environment that is now highlighted by the first aqua “Go” bar.
