$HRB has fallen into a “NoGo” after a strong run.
This latest “Go” trend saw price run from under $30 to close to $50. Now, after trading sideways in a multi week consolidation we see a new “NoGo” bar painted. This follows a period of momentum neutrality as GoNoGo Oscillator rode the zero line causing the climbing grid of GoNoGo Squeeze to climb to a max. As this was broken to the downside a few bars ago it suggested momentum against the “Go” trend, giving us a leading indication of potential trend change. Momentum is now in negative territory as GoNoGo Trend paints the new “NoGo” bar.
