Northwest Natural Holdings has been embroiled in a strong “NoGo” trend for several months until now.
After setting a new lower low at the beginning of December, GoNoGo Oscillator broke through the zero line into positive territory and GoNoGo Trend painted first a series of weaker pink bars, then an amber “Go Fish” bar which was followed immediately by the current aqua “Go” bar. There is congestion until almost $38 and so we will look to see if price can take out those levels.