$AAPL enters “NoGo” trend

$AAPL enters “NoGo” trend


August 2023


Alex Cole

The "Go" trend that started in January has ended for $AAPL.

The strong "Go" trend saw price move over $60 to a high just shy of $200.  During this trend, GoNoGo Oscillator had been primarily at or above the zero line, finding support at that level.  GoNoGo Oscillator crashed through zero into negative territory on Friday as GoNoGo Trend painted an amber "Go Fish" bar. Monday saw the indicator paint a purple "NoGo" bar which completes the reversal.  Volume is heavy reflecting strong market participation as the trend changes.