KEY
TAKEAWAYS
- Development Continuation
- Breakouts
- Momentum Affirmation
- Bull Flags
High 5 Shares in “Go” Developments
Development Continuation on Rising Momentum
GoNoGo Charts® spotlight low-risk alternatives for development participation with intuitive icons instantly within the worth motion. The resurgence of momentum within the course of the underlying worth development is a superb entry alternative, or the prospect to scale up positions.
GoNoGo Icons® illuminate these occasions on the chart with inexperienced strong circles (or purple circle to focus on continuation of NoGo traits). When GoNoGo Development® is portray blue or aqua bars, a inexperienced strong circle will seem beneath worth every time GoNoGo Oscillator® finds assist at zero.
Under are the highest 5 shares/ETFs in “Go” traits with surging momentum by quantity within the S&P 500 as of the every day closing worth motion:
Uber Applied sciences, Inc. (UBER)
§ GoNoGo Icons signaled a development continuation on Friday (06/28/24).
§ After a pointy reversal in early June, worth climbed larger ending the week on sturdy “Go” situations portray blue bars.
§ GoNoGo Oscillator discovered assist on the zero line twice this week, earlier than rising optimistic on Friday.
§ Uber has traded on gentle relative quantity for the previous six weeks.
J. P. Morgan Chase & Co. (JPM)
§ GoNoGo Development returned to “Go” situations this week following a interval of corrective No Go and amber impartial situations.
§ GoNoGo Icons signaled a development continuation on Friday (06/28/24).
§ GoNoGo Oscillator ended the week in optimistic territory after breaking out of a GoNoGo Squeeze.
§ Quantity was heavy all through the rally.
Williams Cos., Inc. (WMB)
§ GoNoGo Development sustained “Go” situations, although it softened to weak kind aqua bars to finish the buying and selling week.
§ GoNoGo Icons signaled a development continuation on Friday (06/28/24).
§ GoNoGo Oscillator ended the week in optimistic territory after testing the zero line on heavy relative quantity.
Financial institution of New York Mellon Corp (BK)
§ GoNoGo Development returned to sturdy blue “Go” situations to finish this buying and selling week.
§ This restoration follows weakening development situations and corrective worth motion in early June.
§ GoNoGo Icons signaled a development continuation on Friday (06/28/24).
§ GoNoGo Oscillator ended the week in optimistic territory after breaking out of a GoNoGo Squeeze.
§ Momentum broke to optimistic territory on Friday, rallying on heavy relative quantity.
Worldwide Enterprise Machines (IBM)
§ GoNoGo Development ended the buying and selling week on weaker kind aqua “Go” situations.
§ GoNoGo Icons signaled a development continuation on Friday (06/28/24).
§ GoNoGo Oscillator broke out of a max squeeze, earlier than retesting zero this week and breaking again into optimistic territory once more on Friday.
§ IBM is buying and selling on heavy relative quantity.
GoNoGo Charts Plug-In Out there for StockCharts ACP
Tyler Wooden, CMT, co-founder of GoNoGo Charts, is dedicated to increasing the usage of knowledge visualization instruments that simplify market evaluation to take away emotional bias from funding choices.
Tyler has served as Managing Director of the CMT Affiliation for greater than a decade to raise buyers’ mastery and talent in mitigating market threat and maximizing return in capital markets. He’s a seasoned enterprise govt centered on academic know-how for the monetary providers business. Since 2011, Tyler has offered the instruments of technical evaluation all over the world to funding companies, regulators, exchanges, and broker-dealers.
