$AXSM is in a “Go” trend but has struggled to move higher.
After a strong rally into the beginning of December, we saw Go Trend Counter Correction Icons (red arrows) indicating that price may struggle to move higher in the short term. This has indeed been the case with price moving mostly sideways since and is now painting weaker aqua “Go” bars. This lack of directional momentum saw GoNoGo Oscillator fall to the zero line and stay there. The climbing grid of GoNoGo Squeeze hit its max until it was finally broken with GoNoGo Oscillator moving into negative territory. Momentum is now against the “Go” trend, another sign that the trend is in trouble.
