$CMA – new “NoGo” strengthens for Comerica, Inc

$CMA – new “NoGo” strengthens for Comerica, Inc


August 2023


Alex Cole

$CMA entered a "NoGo" trend this week.

After the "Go" trend help push prices higher since June, we have seen price correct from the high. July 21st saw a Go Countertrend Correction Icon (red arrow) and price has indeed struggled to go higher since. Since that time, we saw a Max GoNoGo Squeeze and the result of the tug of war between buyers and sellers was decided as the Squeeze was broken into negative territory ahead of the trend change in price. A "NoGo" was identified with a pink bar and we saw this trend strengthen to a strong purple bar on the last session and with momentum strongly negative we will look to see if price falls further.