$AWK has been in a “Go” trend since mid February.
Since then, we have seen a series of higher highs and higher lows as price has climbed over $155. However, the last several weeks have seen price move mostly sideways and GoNoGo Trend has sprinkled in many weaker aqua bars. During this time, GoNoGo Oscillator has fought hard to stay at or above the zero line which indicates momentum remaining in the direction of the underlying “Go” trend. Most recently, we saw GoNoGo Oscillator fall to and ride the zero line, causing a Max GoNoGo Squeeze. This reflects the virtual tug of war between buyers and sellers at this level. GoNoGo Trend has broken out of the GoNoGo Squeeze into positive territory and GoNoGo Trend is once again painting strong blue “Go” bars as price tries to challenge prior highs. With momentum resurgent in the direction of the “Go” trend, we will watch to see if this gives price the push it needs to set a new higher high.
