GoNoGo Charts has flagged a recent “Go” signal on Pfizer Inc, and this has driven price higher to test previous highs.
If price can consolidate above this level that would be a very good sign.
The GoNoGo Oscillator crossed into positive territory on a surge in price several bars before the “Go” flag, suggesting the trend change.
Of note now, is the heavy volume that is starting to accompany the bullish price action. This is indicated by the oscillator’s darker blue color (small grey arrow in the oscillator panel). The GoNoGo Oscillator is at an overbought extreme, but if the ensuing price pause can stay at current levels we would look for another push higher.
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)
If price can consolidate above this level that would be a very good sign.
The GoNoGo Oscillator crossed into positive territory on a surge in price several bars before the “Go” flag, suggesting the trend change.
Of note now, is the heavy volume that is starting to accompany the bullish price action. This is indicated by the oscillator’s darker blue color (small grey arrow in the oscillator panel). The GoNoGo Oscillator is at an overbought extreme, but if the ensuing price pause can stay at current levels we would look for another push higher.
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)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.