$PPG has been in a “NoGo” trend since mid September.
We have seen a series of lower lows and lower highs as price has fallen to almost $93. After the recent low, price tried to rally and GoNoGo Trend painted a string of weaker pink bars. During that time, GoNoGo Oscillator rose to test the zero line from below where we saw a GoNoGo Squeeze build, reflecting the virtual tug of war between buyers and sellers. Now, with price setting a new lower high, GoNoGo Oscillator has broken out of the GoNoGo Squeeze into negative territory. We see a NoGo Trend Continuation Icon (red circle) above the price bar. This indicates that momentum is resurgent in the direction of the “NoGo” trend and with GoNoGo Trend once again painting strong purple bars we will watch to see if this gives price the push it needs to set a new lower low in the coming days.
