After a long basing pattern, the chart of Hawaiian Holdings Inc shows that the GoNoGo Trend is trying to emerge out of the “NoGo” and establish a change in trend.
After yesterday’s big down day across the equity markets, it is impressive to see that $HA closed higher on the day than the day before. While GoNoGo Trend has teetered back and forth between “Go” and “Go Fish” bars, the GoNoGo Oscillator has managed to find support at the zero line and stay in positive territory since first breaking above zero at the very beginning of September. A slight push higher now would likely break the resistance level of the pattern and cause GoNoGo Trend to paint “Go” bars.
