$AMZN sees fresh momentum in direction of “NoGo”

$AMZN sees fresh momentum in direction of “NoGo”


October 2022


Alex Cole

$AMZN sees price testing the recent lows from the end of September.

GoNoGo Trend shows that price has been in a "NoGo" since the start of September. GoNoGo Oscillator provided advance warning of the change in trend as it crashed below the zero line in August.  Now, after a new lower high, price is looking to make a lower low.  With GoNoGo Oscillator having been turned away by the zero line from below, we know that momentum is now back in the direction of the "NoGo".  This could be the negative push price needs to set a new low in the coming days.