$AAPL had been in a “Go” trend since early November but now GoNoGo Trend paints an amber “Go Fish” bar.
We saw the “Go” trend start on heavy volume (dark blue oscillator) in early November and the move was supported by GoNoGo Oscillator being above or at the zero line. When GoNoGo Oscillator found support at zero in early December we were able to suggest that the trend was likely to continue as momentum was resurgent in the direction of the “Go” trend. Recently, as we watched GoNoGo Oscillator in a Max GoNoGo Squeeze, we wondered if it would be able to remain supported by the zero and break out of the Squeeze into positive territory. It didn’t manage to hold at that level, and fell sharply into negative territory. GoNoGo Trend also was unable to maintain “Go” colors and so paints an amber “Go Fish” bar. Now we will wait to see if the “Go” trend can return of if a new “NoGo” trend will take shape.
