$AMD has been in a “Go” trend since the beginning of April.
Since then, we have seen higher highs and higher lows as price raced higher on mostly strong blue bars. During this time, GoNoGo Oscillator has been at or above the zero line providing support for the trend. After the last highest high, GoNoGo Trend painted weaker aqua bars as price fell from the Go Countertrend Correction Icon (red arrow) and GoNoGo Oscillator fell to test the zero line from above. We saw a small GoNoGo Squeeze as buyers and sellers wrestled for control but ultimately GoNoGo Oscillator broke out of the Squeeze into positive territory. This triggered a Go Trend Continuation Icon (green circle) under price, telling us that momentum is resurgent in the direction of the trend. With this momentum boost, we will watch to see if price can climb to a new high as GoNoGo Trend once again paints strong blue bars.
