$BIO looks for momentum in “GO” trend and max Squeeze

$BIO looks for momentum in “GO” trend and max Squeeze

1

December 2022

By

Alex Cole

$BIO is looking to break out of max GoNoGo Squeeze.

After a multi month “NoGo” we see GoNoGo Trend finally break the trend and paint an aqua “Go” bar.  As price tries to move higher GoNoGo Oscillator has been stuck at the zero line where we have seen a max GoNoGo Squeeze climb to its max.  We will look for the squeeze to be broken to the upside which would suggest that momentum is on the side of the new “Go” trend.  This would trigger a Go Trend Continuation Icon (green circle) under the price bar and we could expect an attempt at a new high.

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