The “NoGo” trend that has been in place since early March seems to be over for NLight Inc.
After falling to its ultimate low in early June, we saw the GoNoGo Oscillator test the zero line from below. After finding resistance there for sometime it was able to break into positive territory which was concerning for the strength of the NoGo trend. Since then, it has been able to find support at the zero line, and finally, the GoNoGo Trend indicator was able to paint its first “Go” bar after setting several higher lows.
