$AMD takes a pause in “Go” trend

$AMD takes a pause in “Go” trend


March 2023


Alex Cole

$AMD has seen price correct over the last few bars.

In a strong "Go" trend since the end of January, $AMD has hit consecutive higher highs and higher lows.  Now, as price pulls back from its most recent high, GoNoGo Oscillator has fallen to test the zero line.  Momentum is looking for support and if it rallies off the zero line back into positive territory we will be able to say that momentum is resurgent in the direction of the "Go" trend.  If that happens, we will look for price to set another higher high.