$ROST entered a “NoGo” trend at the end of August.
Since then, we have seen price make a lower low and a lower high. GoNoGo Oscillator suggested that there were troubles ahead for the last “Go” trend when it fell below the zero line a month ago. Now, after a lower high, GoNoGo Trend is painting strong purple “NoGo” bars and GoNoGo Oscillator has been turned away from the zero line after having tested it from below. This has triggered a NoGo Trend Continuation Icon (red circle) suggesting that momentum is resurgent in the direction of the underlying “NoGo” trend. We will watch to see if that puts enough downside pressure on price for us to see it move to a new lower low in the coming days.
