$CSCO had been in a “Go” trend since the summer of 2024.
After hitting another higher high right before valentines day on February 13th, we saw price fall away. GoNoGo Trend painted a majority of weaker aqua bars as the trend stalled. During this time, GoNoGo Oscillator fell to test the zero line from above and a virtual tug of war played out between buyers and sellers and we saw an extended Max GoNoGo Squeeze. Eventually the Squeeze was broken into negative territory and on heavy volume. This was quickly followed by an amber “Go Fish” bar of uncertainty and then by a pink “NoGo” bar. With momentum confirming the new “NoGo” trend, we will watch to see if price falls lower in the coming days and weeks.
