Check Point Software Technologies Ltd flagged a new “Go” trend a few bars ago.
After being in a “NoGo” correction for the past few months the GoNoGo Trend indicator flagged a “Go” and now on the current bar the indicator is triggering a low risk trend continuation 🟢 . This comes after the GoNoGo Oscillator crossed into positive territory some time ago and has since been riding the zero line which caused the climbing grid of the GoNoGo Squeeze to build. We now see the oscillator breaking out of the squeeze to the upside which indicates fresh momentum in the direction of the “Go” trend.
By
Alex Cole
