Can Chemocentryx Inc find support at zero?

Can Chemocentryx Inc find support at zero?


August 2021


Alex Cole

Which way for Chemocentryx Inc?

I really like the look of this GoNoGo Chart.  The GoNoGo Trend is a Go, but after an initial high has pulled back.  This has caused the GoNoGo Oscillator to ride the zero line causing the climbing grid of the GoNoGo Squeeze to rise to its extreme.  We know that if the Go trend is healthy, the GoNoGo Oscillator should find support at the zero line as it has since first breaking into positive territory in early June.  Therefore, we can wait, and see if the Squeeze is broken to the upside which would give a green low risk Go Trend Continuation icon under price.