$ANET has seen a nice run since entering a “Go” trend at the end of January.
The “Go” flag has brought with it around a 40% move to the highs in late March. Since the Go Countertrend Correction Icon (red arrow), price has corrected slightly against this trend. We have seen a string of weaker aqua “Go” bars and GoNoGo Oscillator fell to test the zero line from above. Stuck there, it indicates a tug of war between buyers and sellers as there is a lack of directional momentum. A GoNoGo Squeeze is forming as the grid climbs. We will look for GoNoGo Oscillator to break out of the Squeeze into positive territory. This could give price the push it needs to continue in the “Go” trend and potentially set a new high. If the oscillator fails to hold the zero line, that would be a concern for the current trend.