A large gap down breaks the upward sloping trend line, causes the GoNoGo Trend to flag a new color and pushes the GoNoGo Oscillator further into negative territory.
The GoNoGo Trend has changed for Cisco Systems, painting an amber, neutral bar, showing us that the “Go” trend has for now, ended. At the same time, the move has caused the GoNoGo Oscillator to crash below the zero line, signaling that momentum has not just cooled, it has turned against the technology services company.
The GoNoGo Trend has changed for Cisco Systems, painting an amber, neutral bar, showing us that the “Go” trend has for now, ended. At the same time, the move has caused the GoNoGo Oscillator to crash below the zero line, signaling that momentum has not just cooled, it has turned against the technology services company.
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