$AJG succumbs to selling pressure

$AJG succumbs to selling pressure


June 2021


Alex Cole

We have watched $AJG consolidate sideways for a month after hitting the high in early May.

Halfway through the consolidation we saw selling pressure as the GoNoGo Oscillator firs rode the zero line and then was unable to find support at that level, breaking down into negative territory.  We have since seen several retests of the zero line and see that it is operating as resistance.  Finally, the GoNoGo Trend has been unable to sustain blue and aqua "Go" bars, first painting an amber "Go Fish" bar, and now pink, the first of the "NoGo" colors.