Cutera inc, ($CUTR) in the medical equipment space, has been in a “NoGo” trend after cooling from the high in April.
We have seen this “NoGo” tested a few times as GoNoGo Oscillator has stayed below the zero line and found resistance at that level each time price has made a lower high. Currently, with the “NoGo” in place, we see GoNoGo Oscillator once again getting turned away by the zero line from below and we will look to see if this leads to a new leg down in price to set a lower low.
