After a strong run, FUBO for the first time paints a "NoGo" color. We can see that the stock has consolidated in a coiling pattern for the last few months but until now was able to continue to paint the blue and aqua of the "Go" trend.
The GoNoGo Oscillator crossed below zero some bars ago which caused more concern for the "Go" trend and this current price action has seen the oscillator be rejected at the zero line.
The GoNoGo Oscillator crossed below zero some bars ago which caused more concern for the "Go" trend and this current price action has seen the oscillator be rejected at the zero line.