In early August, $JXN was able to break out of its “NoGo” and enter a new “Go” trend.
Price has since struggled for gains, moving mostly sideways. GoNoGo Oscillator has already failed to hold the zero line and now we see price painting an amber “Go Fish” bar as GoNoGo Oscillator rides the zero line. This has caused the climbing grid of GoNoGo Squeeze to hit a max. We will watch to see in which direction the squeeze is broken. If GoNoGo Oscillator breaks out of the squeeze into negative territory, we will likely see the amber “Go Fish” bar followed by a change in trend to a “NoGo”.
