$AMD possible bull flag in “GO” trend?

$AMD possible bull flag in “GO” trend?


February 2023


Alex Cole

$AMD entered a “Go” trend in late January.

This was after GoNoGo Trend cycled out of “NoGo” colors and painted several amber “Go Fish” bars.  GoNoGo Oscillator suggested that we may be seeing structural change as it burst through the zero line from below and so we have had positive momentum that has confirmed the change in trend ever since.  Now, price has pulled back after a high that was accompanied by a Go Countertrend Correction Icon (red arrow) which informed us price may struggle to go higher in the short term.  GoNoGo Oscillator has fallen to test the zero line from above and looks to have found support as it bounces back into positive territory. This has triggered a Go Trend Continuation Icon (green circle) under the price bar and suggests that momentum is resurgent in the direction of the “Go” trend.  This could give price the push it needs to break out of the bull flag and attack new highs.

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