$ABNB looks to find support in “Go” trend

$ABNB looks to find support in “Go” trend


March 2023


Alex Cole

$ABNB entered a "Go" trend in January and then gapped higher mid February.

After that gap higher, price peaked and we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle in the short term.  Price duly corrected from the high and we saw GoNoGo Trend paint some weaker aqua bars. This caused GoNoGo Oscillator to fall to the zero line. It remains riding the zero line as the bulls and bears fight for direction.  This has allowed the climbing grid of GoNoGo Squeeze to climb to its max signaling compressed volatility.  We will watch to see if the oscillator can break out of the Max GoNoGo Squeeze into positive territory.  This would tell us that momentum is resurgent in the direction of the "Go" trend and we could expect price to make an attack on the prior high.