Americold is fighting for momentum as the new “Go” trend continues.
When GoNoGo Oscillator broke above zero at the end of March, it suggested that price may be able to break out of the “NoGo” that it was in. After an amber “Go Fish” bar or two that was indeed the case. After quickly moving higher, price has settled into an area of congestion drawn from an earlier part of the chart. GoNoGo Squeeze has climbed to its max and we will look for the oscillator to break out of the squeeze into positive territory if we are to expect price to climb out of the channel resistance and set a new higher high.