Pure Storage is in a “NoGo” trend.
Price has fallen to test the upper bound of a gap from early March as GoNoGo Trend paints strong purple “NoGo” bars. If this support is broken we can expect that gap to be filled. We also are seeing GoNoGo Oscillator get rejected by the resistance of the zero line. If momentum stays negative, we will likely see a new leg down in price which would penetrate the gap and we could look for a target at the lower bound of $26.50.