After months of “NoGo”, is Arrival Group ready to break out of its price doldrums?
In early September, GoNoGo Oscillator broke above the zero line and stayed in positive territory while GoNoGo Trend showed weakness in the “NoGo” trend by painting several amber “Go Fish” bars interspersed with paler pink “NoGo” bars. Now, as the oscillator rides the zero line looking for support, GoNoGo Trend has been able to paint a pale aqua “Go” bar. We will watch to see if the oscillator can rally off the zero line which could take price to new highs.
