$APH has been in a “Go” trend since late April.
Since then we have seen a series of higher highs and higher lows as price has rallied to over $110. After the mid August high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, after that price moved mostly sideways for several weeks as GoNoGo Oscillator fell to test the zero line from above. We saw that it was stuck at that level for some time allowing a Max GoNoGo Squeeze to build. Having broken out of the Squeeze back into positive territory, we see the oscillator retesting the zero line several times. This has caused a clustering of Go Trend Continuation Icons (green circles) telling us that momentum is resurgent in the direction of the trend. This has given price the push it needed to fly through overhead resistance. We will watch to see if it can consolidate at these new higher levels in the coming days.
