$AMD has been in a “Go” trend since January that has seen a series of higher highs and higher lows.
After a new high and a Go Countertrend Correction Icon (red arrow) late March, we have seen price correct against the trend. As price has moved lower, we have seen GoNoGo Trend paint more aqua “Go” bars and GoNoGo Oscillator fell to test the zero line. GoNoGo Oscillator has remained stuck at the zero line as we see a lack of directional momentum. This reduced volatility has caused the climbing grid of GoNoGo Squeeze to climb to its max. We will watch to see in which direction the Squeeze is broken. A break out of the squeeze into positive territory could well coincide with a break above downward sloping resistance, the completion of a bull flag.
