$GAME sees trend continuation in direction of “NoGo”

$GAME sees trend continuation in direction of “NoGo”


January 2022


Alex Cole

$GAME is struggling as the "NoGo" persists and we see fresh NoGo Trend Continuation red circles appear above price.

Perhaps bogged down by the larger themes that pose problems for both the technology sector and small cap stocks; GoNoGo Oscillator has routinely found the zero line acting as resistance during this drawn out trend.  Each time the oscillator rallies it gets rejected at that level.  Given the red circle we can expect the "NoGo" trend to continue.  We will look for price to make a leg lower.  GoNoGo Oscillator will have to get above zero for there to be any chance of a significant rally in price.