$JNPR entered a new “Go” trend a week ago.
This came after price experienced a sharp fall in the form of a “NoGo” trend that started early November. The first sign that things were on the mend was when GoNoGo Oscillator rose to test the zero line and finally broke through into positive territory in December. Since then, momentum has remained positive as GoNoGo Trend has tried to identify trend change. We first saw some amber “Go Fish” bars showing market uncertainty and that has been followed by a string of “Go” colors. Now, with GoNoGo Trend painting strong blue “Go” bars, the oscillator has found support at the zero level, telling us that momentum is resurgent in the direction of the new “Go” trend. We will watch to see if this helps propel price higher over the upcoming days and weeks.
