$EQIX entered a “Go” trend in the beginning of January.
Since then, we saw price set a series of higher highs and then gap higher still in February. Since that high, we have seen a couple of Go Countertrend Correction Icons (red arrows) indicating that price may struggle to go higher in the short term. Indeed, we have seen price fail to go higher since then however it has been able to make progressively higher lows. During that time, we have seen GoNoGo Oscillator fall to test the zero line from above where it has found support. Most recently, we see GoNoGo Oscillator breaking out of a Max GoNoGo Squeeze into positive territory. This tells us momentum is resurgent in the direction of the “Go” trend and we see a new Go Trend Continuation Icon (green circle). With price rallying on strong blue “Go” bars to test overhead resistance, we will watch to see if the boost in momentum will give price the push it needs to climb to a new higher high in the coming days.
