$ADSK has recovered from its “NoGo” correction.
GoNoGo Trend has cycled through weaker pink bars and a lone amber “Go Fish” bar before finding aqua and now strong blue “Go” bars. After more than a week of riding the zero line, we see that GoNoGo Oscillator has broken out of an extended Max GoNoGo Squeeze into positive territory. This tells us that momentum is now aligned with the “Go” trend and we will watch to see if this boost will give price the push it needs to continue higher and challenge the prior high from earlier this month.
