$TATASTEEL paints “Go Fish” as it deals with resistance

$TATASTEEL paints “Go Fish” as it deals with resistance


November 2022


Alex Cole

After moving sideways from the high in mid August, $TATASTEEL fell into a "NoGo" correction.

After a series of higher lows that have seen GoNoGo Oscillator rally to test the zero line from below, price is painting an amber "Go Fish" bar of uncertainty as it runs up against resistance.  The horizontal level was support earlier in the chart and this is the concept of polarity at play.  Now, after a max GoNoGo Squeeze, we see GoNoGo Oscillator breaking out of the Squeeze into positive territory.  We will watch closely now to see if this gives price the push it needs to get above resistance and start painting "Go" bars.