$CRWD has been in a “Go” trend since late April.
However, we can clearly see on the chart that it has been unable to surpass the prior high from February and it has found that level to be strong resistance. Each time it has tried to climb higher, it has failed and GoNoGo Trend has painted weaker aqua bars as price retreats. It is a good sign though that each time, GoNoGo Oscillator has found support at the zero line, telling us that momentum remains on the side of the “Go” trend. Having recently found support again at that level, we will look to see if this clustering of Go Trend Continuation Icons (green circles) will be enough to help push price through the channel resistance and on to a new higher high.
