$NX flags new “Go” as it breaks above resistance

$NX flags new “Go” as it  breaks above resistance


October 2022


Alex Cole

$NX sees enough of the criteria of the blended inputs of GoNoGo Trend combine to paint an aqua "Go" bar.

Price rallied off the low earlier in October with force enough to see GoNoGo Oscillator break into positive territory.  After failing at horizontal resistance the oscillator fell back to test the zero line where a GoNoGo Squeeze was built.  The GoNoGo Squeeze was broken when the oscillator found support at zero and moved back into positive territory.  GoNoGo Trend painted an amber bar and now is painting an aqua "Go" bar as price remains above resistance.