$CRWD has been in a “Go” trend since mid September.
Price gapped up after transitioning out of the “NoGo” trend racing higher on one strong bar that pushed prices up against resistance from a prior high. Immediately following, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, price fell and GoNoGo Oscillator retreated from an extreme overbought level to test the zero line for support. Twice, GoNoGo Oscillator has found support at the zero line, telling us that momentum is remaining on the side of the “Go” trend. Most recently, as the oscillator bounces back into positive territory again, we see a Go Trend Continuation Icon as price paints a strong blue “Go” bar close to resistance. With momentum resurgent in the direction of the “Go” trend, we will watch to see if this gives price the push it needs to climb to a new higher high.
