$AXTA, a stock in the materials sector, flagged a new “Go” trend on yesterday’s bar.
This comes after price has made a series of higher lows as it climbs from the low in March. GoNoGo Oscillator suggested that the “NoGo” was in trouble when it broke above zero and found support at that level with several GoNoGo Squeeze formations being broken to the upside. The new “Go” trend that has emerged does so above resistance from this bottoming pattern and we will look for price to make a run to the next level of overhead supply at $28.