$CONN looks for support in new “Go” trend

$CONN looks for support in new “Go” trend

17

November 2022

By

Alex Cole

$CONN has rallied from the October lows and entered a “Go” trend painting strong blue bars.

This is in the face of a larger time frame “NoGo” trend from the weekly chart. Previously, attempts at “Go” trends turned out to be relief rallies and so we will watch the GoNoGo Oscillator this time as it looks for support at the zero line.  If it can find support, and move back into positive territory then we can say that momentum is returning in the direction of the “Go” trend and expect price to move higher.  If the zero line doesn’t hold, this will be a concern and suggest the new “Go” trend is not healthy.

get in touch

Mon - Fri 8:00 - 16:00
Subscription Form
research
$1.99 / week
Trend Analysis and Charts Delivered Weekly
Flight Path
Pre-Market Monday Morning
Launch Conditions
Delivered Every Saturday Morning
Research Chart Pack
16 GoNoGo Charts Included with Every Report
Premium
$9.99 / week
Daily Research
Flight Path
Pre-Market Monday Morning
Launch Conditions
First Thing Saturday Morning
Daily Blast Off
Pre Market Daily
add-ons
Deploy GoNoGo Indicators on Your Favorite Platforms