$TXT was in a “NoGo” correction since the dramatic fall in late July.
Since then, price struggled to go lower as it tried to rally from the low. As price stabilized and GoNoGo Trend sprinkled in some amber “Go Fish” bars, (indicating uncertainty in the “NoGo”), GoNoGo Oscillator rose to test the zero line from below. After Max GoNoGo Squeeze, buyers won the tug of war and GoNoGo Oscillator broke out of the Squeeze into positive territory. This told us that momentum was no longer on the side of the “NoGo”. After a quick retest, we see that momentum is bouncing back into positive territory again, and this time a change in trend comes with it. GoNoGo Trend is painting a strong blue “Go” bar as momentum is resurgent. With momentum on the side of the new “Go” trend, we will look to see if price can continue to climb in the coming days.
