In May, $AIP entered a “Go” trend that saw prices move sharply higher.
Since hitting highs at the end of the month, we have seen price consolidate against the trend and correct in what could be termed an ascending triangle pattern. We see a horizontal upper bound along with rising lows creating the formation. Interestingly, volume has been heavy throughout the formation. GoNoGo Oscillator has finally fallen back to test the zero line from above. We will watch closely from this point. If GoNoGo Oscillator can find support here, and break back into positive territory then we will be able to say that momentum is resurgent in the direction of the “Go” trend. This could spur price onward and upward to make a new higher high as it breaks out of the triangle.
