“NoGo” for $UHS as trend begins

“NoGo” for $UHS as trend begins


March 2023


Alex Cole

After a strong "Go" run, the trend has changed for $UHS.

On a gap lower, we see a strong purple "NoGo" bar as GoNoGo Trend sees the technical environment change for Universal Health Services, Inc.  Prior to this reversal, price had been moving sideways and GoNoGo Oscillator had been struggling to free itself from the clutches of the zero line.We see now that as price drops lower, GoNoGo Oscillator has broken out of a small GoNoGo Squeeze into negative territory on heavy volume, confirming the change in trend above.