$FBMS sees GoNoGo Squeeze in “NoGo” trend

$FBMS sees GoNoGo Squeeze in “NoGo” trend


July 2022


Alex Cole

As the NoGo continues for $FBMS, we see that the GoNoGo Oscillator is riding the zero line.

This is causing the climbing grid of GoNoGo Squeeze to climb to its max.  If the pressure from the "NoGo" continues, we would expect the squeeze to be broken to the downside.  As this happens, price could roll over to make new lower lows.  This has been a very strong "NoGo" trend and the weight of the evidence suggests a continuation.