$AMD has been in a strong “Go” trend since the beginning of November 2023.
Recently, on January 25th it hit its most recent high in a series of higher highs and higher lows. A few bars later, we saw a Go Countertrend Correction Icon (red arrow) that indicated price could struggle to go higher in the short term. Indeed we saw a few weaker aqua “Go” bars as price corrected mostly sideways. During that time, GoNoGo Oscillator fell to test the zero line from above and has since been finding support at that level on heavy volume. Once again, the oscillator is at zero and we will watch to see if once again finds support. If it does, and rallies back into positive territory, we could say that momentum is resurgent in the direction of the “Go” trend and would expect price to mount an attack on a new high,
