$ADI has been in a “Go” trend since early May.
Since then, we have seen higher highs and higher lows and price moving over $236. After the last 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 painted several weaker aqua bars and price has moved mostly sideways since. GoNoGo Oscillator retreated to test the zero line once again, after previously breaking out of a Max GoNoGo Squeeze into positive territory. Now, as it bounces off zero again, we know that momentum is resurgent in the direction of the “Go” trend and we see a Go Trend Continuation Icon (green circle). We will look to see if this gives price the push it needs to climb to a new higher high in the coming days.
