What a run that was! From the Go signal in January at under $6, Novavax, Inc rallied all the way to $190.
Now, however, the trend has changed. The GoNoGo Trend flagged a NoGo yesterday on the daily chart, after one neutral amber bar that suggested the Go trend was over.
Early warning was given by the GoNoGo Oscillator, which on August 12th crossed below the zero line, indicating that momentum had turned negative for the first time in months. It was then turned away by the zero line a bar before the GoNoGo Trend painted the amber bar.
The environment is bearish and further rejections at the zero line for the GoNoGo Oscillator would suggest a deeper NoGo trend.
Now, however, the trend has changed. The GoNoGo Trend flagged a NoGo yesterday on the daily chart, after one neutral amber bar that suggested the Go trend was over.
Early warning was given by the GoNoGo Oscillator, which on August 12th crossed below the zero line, indicating that momentum had turned negative for the first time in months. It was then turned away by the zero line a bar before the GoNoGo Trend painted the amber bar.
The environment is bearish and further rejections at the zero line for the GoNoGo Oscillator would suggest a deeper NoGo trend.