$BALL has been in a “NoGo” Trend since early August.
Since then, we have seen a series of lower lows and lower highs as price has fallen over 20% since the last high of the previous “Go” trend. During this “NoGo” trend, GoNoGo Oscillator has remained at or below the zero line, confirming the bearish move. After the last low, price rallied and we saw GoNoGo Trend paint weaker pink bars and even a couple of amber “Go Fish” bars, but price failed to make a higher high. As price rolled over, GoNoGo Oscillator broke out of a Max GoNoGo Squeeze into negative territory triggering a NoGo Trend Continuation Icon (red circle). With momentum resurgent in the direction of the underlying “NoGo” trend, we will watch to see if that gives price the nudge it needs to break through prior low support in the coming days.
