$CI: Fourth max GoNoGo Squeeze in as many months!

$CI: Fourth max GoNoGo Squeeze in as many months!


April 2023


Alex Cole

$CI has been in a "NoGo" trend this entire year so far.

At the very end of 2022, GoNoGo Oscillator broke out of a Max GoNoGo Squeeze into negative territory as GoNoGo Trend painted amber "Go Fish" bars.  The "NoGo" quickly followed and the down trend has been in place since then.  During the "NoGo" trend, the oscillator has repeatedly tested the zero line from below and found it to be resistance.  We have seen the oscillator ride the zero line on multiple occasions and each time GoNoGo Oscillator has broken the squeeze into negative territory, confirming the "NoGo" trend.  Once again, we see the climbing grid of GoNoGo Squeeze has climbed to its max.  We will watch to see if the oscillator breaks the squeeze into negative territory again.  If it does, that would be confirming that momentum is resurgent in the direction of the prevailing "NoGo" trend.  A break of the Squeeze into positive territory would be contrary to the trend.