$AAPL continuation head and shoulders in “Go” trend

$AAPL continuation head and shoulders in “Go” trend


March 2023


Alex Cole

$AAPL has been in a "Go" trend since the end of January.

After quickly hitting a high in early February, we saw a couple of Go Countertrend Correction Icons (red arrows) indicating that price may struggle to go higher in the short term.  That has been the case as price has moved mostly sideways since, failing on a few occasions to make a new higher high.  GoNoGo Oscillator even dipped below the zero line.  Now as price tries again to break higher than the neck line of the pattern, we see GoNoGo Oscillator breaking out of a Max GoNoGo Squeeze into positive territory on heavy volume.  Perhaps this resurgent momentum in the direction of the "Go" trend will give price the push it needs to set a new higher high.