$MAA has been in a “NoGo” trend since early July.
Nothing but a few amber “Go Fish” bars have interrupted price fall with a series of lower lows and lower highs. After a NoGo Countertrend Correction Icon (green arrow) last week, price rallied on a series of weaker pink bars and GoNoGo Oscillator rose to test the zero line from below. After a few bars of a GoNoGo Squeeze, GoNoGo Oscillator was rejected by into negative territory as GoNoGo Trend saw strong purple bars return. This has triggered a NoGo Trend Continuation Icon (red circle) and we know that momentum is resurgent in the direction of the underlying “NoGo” trend. With price moving below the prior low, we will look to see if this negative momentum helps price consolidate at these levels before potentially falling further in the coming days.
