Industrial Logistics Properties Trust flags NoGo Trend Continuation at key price level

Industrial Logistics Properties Trust flags NoGo Trend Continuation at key price level

11

February 2022

By

Alex Cole

Industrial Logistics Properties Trust is testing a key support level.

GoNoGo Trend shows that price is in a strong "NoGo" painting purple bars as price touches a level that has been support several times.  GoNoGo Oscillator has been turned away by the zero line from below on heavy volume (the oscillator is dark blue) after a GoNoGo Squeeze reached its max.  This suggests that if price can move below the support level we will likely see a new leg down to a lower low.