$TIXT in max Squeeze as “NoGo” trend ends

$TIXT in max Squeeze as “NoGo” trend ends


September 2022


Alex Cole

GoNoGo Trend paints first "NoGo" bar for $TIXT.

After hanging on to its "Go" trend for longer than many technology companies, we see a "NoGo" bar for $TIXT.  Price made a lower high, and we saw an amber "Go Fish" bar followed by a pink "NoGo" bar on the last session.  GoNoGo Oscillator has been riding the zero line causing a max GoNoGo Squeeze to build, indicating a tug of war between the bulls and bears.  As the oscillator turns dark blue, we know that while there is little directional momentum, volume is heavy as market participants battle at these price levels.  We will watch to see if GoNoGo Oscillator breaks the GoNoGo Squeeze to the downside, which would confirm the change in trend above.