Revance Therapeutics Inc identifies new “Go” trend.
Enough of the inputs that make up the color coded GoNoGo Trend are meeting bullish conditions and so the indicator has painted an aqua “Go” bar. After a fairly long basing period that followed the gap down in October, the GoNoGo Oscillator has also managed to break into positive territory overcoming the resistance at that level. Having done that, the oscillator is now finding support at zero, telling us that momentum is on the side of the new “Go’ trend. There is some resistance from pattern highs at around $16.90, but if price can consolidate then we can look for it to fill the gap with a target over $19.
