$APO had been in a “NoGo” trend since early February.
We saw a series of lower lows and lower highs as GoNoGo Trend painted pink and purple bars. During that time, GoNoGo Oscillator was primarily at or below the zero line. In mid-April, GoNoGo Oscillator rose to test the zero line from below and we saw a Max GoNoGo Squeeze build as there was a virtual tug of war between buyers and sellers after the lowest low on April 7th. GoNoGo Oscillator broke out of the Max GoNoGo Squeeze into positive territory and we knew then that momentum was no longer in line with the “NoGo” trend. Momentum quickly retested the zero line and found support. At the same time, we see GoNoGo Trend painting a first aqua “Go” bar. With momentum resurgent in the direction of the new “Go” trend, we will watch to see if this gives price the push it needs to consolidate its new higher high.
