$ACN has entered a “Go” trend with a strong blue bar.
After months of a “NoGo” trend that saw price make a series of lower highs and lower lows, we have seen the technical environment change. First we saw a series of amber “Go Fish” bars that represented the market’s uncertainty. Even though GoNoGo Trend painted a few pink bars after that we now see a first “Go” blue bar. During the majority of the “NoGo” trend we saw that GoNoGo Oscillator was at or below the zero level. As the trend began to falter, the oscillator broke above zero on heavy volume in late June. After the initial move into positive territory, GoNoGo Oscillator has found support at that level. Now with a fresh “Go” trend identified, we can say that momentum is finding support in the new trend. If GoNoGo Oscillator continues to hold the zero line we will look for price to attack new highs.
