$AWK has entered a “Go”‘ trend earlier this month.
After a “NoGo” took price to lows in mid March, GoNoGo Oscillator was able to break above the zero line in the first sign that the “NoGo” couldn’t be sustained. GoNoGo Trend then painted amber “Go Fish” bars before entering a “Go” trend with aqua bars. Price has since broken above what could have been resistance from prior support and GoNoGo Trend is painting stronger “Go” bars as GoNoGo Oscillator is in positive territory but not overbought. We can look for price to retest the horizontal level for support, which would likely coincide with GoNoGo Oscillator testing the zero line. If support is found, we can look for price to attack prior highs above $160.
