$FRT had been in a “Go” trend for several months.
During that time we saw a series of higher highs and higher lows as price climbed over $128. During that time, GoNoGo Oscillator has remained primarily at or above the zero line, providing support for price and confirming the underlying trend. After the last higher high, we saw GoNoGo Trend paint a series of weaker aqua bars as price fell. Now, we see GoNoGo Trend paint a first weak pink “NoGo” bar indicating that the trend has changed. This comes as GoNoGo Oscillator has fallen below the zero line into negative territory. With momentum therefore surging in the direction of the new “NoGo” trend, we will watch to see if this puts downward pressure on price and causes it to fall further in the coming days.
