$AKAM has been in a “Go” trend since early May.
Price burst out of a “NoGo” correction first with amber “Go Fish” bars then emphatically with strong blue “Go” bars as price gapped higher. This move followed GoNoGo Oscillator breaking out of a Max GoNoGo Squeeze into positive territory breaking the virtual stalemate between buyers and sellers. Recently, after hitting a new high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, GoNoGo Trend then painted some weaker aqua bars as price fell from the high. GoNoGo Oscillator again tested the zero line where we saw another Max GoNoGo Squeeze. The Squeeze has again been broken to the upside which has triggered a Go Trend Continuation Icon (green circle) under price as it rises to challenge resistance on strong blue bars. We will watch to see if this resurgent momentum in the direction of the “Go” trend will be enough to give price the boost it needs to climb to a new higher high in the coming days.
