Bank NT Butterfield looks to have clawed its way out of its “NoGo” trend.
After spending several months moving lower with GoNoGo Trend showing uninterrupted pink and purple “NoGo” bars, we saw GoNoGo Oscillator break above zero and GoNoGo Trend paint a couple of amber “Go Fish” bars before painting an aqua “Go” bar yesterday. This kind of strength in the face of widespread market woes is interesting. GoNoGo Oscillator is now overbought and so an investor may want to wait for the first Go Trend continuation green circle to enter with low risk.
