Hyzon Motors Inc looking for momentum support

Hyzon Motors Inc looking for momentum support


September 2021


Alex Cole

Hyzon Motors Inc is looking for momentum to propel price to a new high.

On the 19th of August the GoNoGo Oscillator broke above the zero line on heavy volume.  The GoNoGo Trend followed suit by coming out of the "NoGo" and painting a couple of amber "Go Fish" bars, followed by a mixture of "Go" bars.  Now, after hitting a high on the 9th of September, price has cooled somewhat causing the GoNoGo Oscillator to fall to the zero line where we would expect it to find support if the trend is healthy.  We see that it has bounced slightly off the zero line causing a Go Trend continuation icon (green circle) to appear under the current price bar.