Turning Point Therapeutics sees momentum return in the direction of the “Go” trend.
After rallying out of a GoNoGo Squeeze in mid December on heavy volume, we saw GoNoGo Trend follow suit by identifying a “Go” trend after a couple of amber “Go Fish” bars. Now after falling from resistance in the form of the lower bound of the runaway gap earlier in the chart, the oscillator has fallen to and found support at the zero line. Look for price to fill that gap with a target of $60.
