$DIS entered a “NoGo” trend a week and a half ago.
As the prior “Go” trend showed weakness with aqua bars, GoNoGo Oscillator broke out of a GoNoGo Squeeze into positive territory which paved the way for the change in trend. Since falling out of the “Go” trend, the “NoGo” has faltered as GoNoGo Trend sprinkled in some amber “Go Fish” bars representing uncertainty. However, the last few bars saw GoNoGo Trend paint stronger purple “NoGo” bars as GoNoGo Oscillator retested the zero line from below. It failed to regain positive territory and was rejected. Now, we can say that momentum is resurgent in the direction of the underlying “NoGo” trend and that trend has strengthened. We will look for price to fall from here to new lower lows which will test the likely support from the top of February’s gap higher. If that level fails to provide support we could see the “NoGo” continue and prices potentially fill the gap.
