$EFX Sees Signs of Go Trend Continuation

$EFX Sees Signs of Go Trend Continuation

13

August 2024

By

Alex Cole

$EFX entered a “Go” trend last month.

After a period of uncertainty (amber “Go Fish” bars) and a Max GoNoGo Squeeze, GoNoGo Trend consistently painted “Go” bars as the Max GoNoGo Squeeze was broken into positive territory. As price raced to new highs, GoNoGo Oscillator found support at the zero line confirming momentum being in the direction of the trend.  Now, after another higher high, the trend has taken a pause, with GoNoGo Trend painting some weaker aqua bars and GoNoGo Oscillator falling again to test the zero line from above.  It continues to find support at that level, and so we see two Go Trend Continuation Icons (green circles) under the price pars telling us that momentum is resurgent in the direction of the “Go” trend.  With strong blue bars once more, we will look to see if price will climb to new highs again in the coming days and weeks.

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