$AWK had been in a “NoGo” trend since early May.
However, we saw that GoNoGo Oscillator struggled to leave the zero line during the “NoGo” correction. Indeed, we saw the building of two extended Max GoNoGo Squeeze situations as investors struggled to inject momentum. With this virtual tug of war between buyers and sellers, the “NoGo” trend failed to make progress with price moving mostly sideways since entering the “NoGo”. Now, after an amber “Go Fish” bar of uncertainty, we see GoNoGo Trend painting a fresh aqua “Go” bar. This comes as GoNoGo Oscillator breaks out of the Max GoNoGo Squeeze into positive territory. With surging momentum in the direction of the new “Go” trend (Go Trend Continuation Icon, green circle), we will look to see if this gives price the push it needs to continue the “Go” trend and threaten new highs.
