Procept Biorobotics Corp sees fresh “Go” trend identified.
After enduring a strong “NoGo” trend price made an ultimate low toward the end of January. Price rallied from there causing GoNoGo Oscillator to test the zero line from below. After a GoNoGo Squeeze started to build, the oscillator broke into positive territory signaling a threat to the “NoGo” trend as momentum had now turned to the upside. GoNoGo Oscillator has since fallen to the zero line but on the current bar has bounced back into positive territory as GoNoGo Trend sees enough reason to paint an aqua “Go” bar. We will look for price to next break above horizontal resistance.
