$AIR sees NoGo Trend Continuation

$AIR sees NoGo Trend Continuation


May 2022


Alex Cole

After a strong "Go" trend that started at the end of 2021 and peaked on April 20th, 2022, $AIR entered a "NoGo".

At the end of April, GoNoGo Oscillator was unable to find support at the zero line and so that was the first indication that the "Go" trend was in trouble. Now the trend has strengthened as we see GoNoGo Trend paint strong purple "NoGo" bars and GoNoGo Oscillator has tested the zero line from below and has found it to be resistance.  With momentum now resurgent in the direction of the "NoGo" trend, we can look for price to make a new low below $44.40.