$NINE looking for support after massive run

$NINE looking for support after massive run


January 2023


Alex Cole

$NINE has come back after a high close to $15.

This has been an incredible move from when the "Go" flag appeared at around $3.50. After the most recent high, price has corrected against the trend and we see aqua "Go" bars showing this weakness.  GoNoGo Oscillator has also fallen from overbought levels to test the zero line from above.  We know that if this "Go" trend is to persist and remain healthy, then we should see the zero line hold as support for the oscillator.  If this happens we will see a Go Trend Continuation Icon (green circle) appear under the price bar and expect price to make an attempt at a new high.