JFrog Limited: more NoGo downside possibility?

JFrog Limited: more NoGo downside possibility?


March 2022


Alex Cole

JFrog Limited sees momentum return in the direction of the "NoGo" trend.

Price has been moving steadily down with a series of lower highs and lower lows.  GoNoGo Oscillator for the majority of this move has been in negative territory and continues to get rejected by the zero line. On this most recent lower high, with GoNoGo Trend painting strong purple "NoGo" bars, GoNoGo Oscillator has once again been turned away by the zero line.  This has triggered a NoGo Trend Continuation red circle to appear above the price bar and suggests a new leg lower in price.  An initial target could be the prior low of around $21.