GoNoGo Charts are painting a *bearish picture for AMD. Trading the highs and lows of the *rectangle that the stock has been in would have served you well over the last couple of months.
This time though, with price trading down to the lows of the consolidation, the GoNoGo Trend indicator is suggesting that the trend has changed to “NoGo”. This shift was noted on 6/24.
With that, the GoNoGo Oscillator sunk into negative territory for the first time marking a difference in the market sentiment associated with price.
It is less likely that support will hold this time, given the overall environment. It’s a “NoGo”
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark purple (strongly *bearish)
The GoNoGo Oscillator blends traditional momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely oversold) to +6 (extremely overbought)
This time though, with price trading down to the lows of the consolidation, the GoNoGo Trend indicator is suggesting that the trend has changed to “NoGo”. This shift was noted on 6/24.
With that, the GoNoGo Oscillator sunk into negative territory for the first time marking a difference in the market sentiment associated with price.
It is less likely that support will hold this time, given the overall environment. It’s a “NoGo”
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark purple (strongly *bearish)
The GoNoGo Oscillator blends traditional momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely oversold) to +6 (extremely overbought)
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。