$AI settles preparing for next move

$AI settles preparing for next move


February 2023


Alex Cole

$AI has seen a great run in this most recent "Go" trend.

Price has just about tripled to a high over $30 with strong blue "Go" bars and GoNoGo Oscillator above zero on heavy volume.  We now see price pulling back after a second Go Countertrend Correction Icon (red arrow) on a weaker aqua "Go" bar.  As investors digest gains, we will need to see the zero line hold as the oscillator tests it again.  If support is found here, we will be able to say that momentum is still on the side of the "Go" trend and will look for an attack on a new high.