$ENTA is in a max GoNoGo Squeeze.
With the healthcare sector relatively outperforming the broader market, we will watch $ENTA to see if it can break out of the max GoNoGo Squeeze to the upside. A strong “NoGo” sent prices plummeting to a low of around $37.50 and we’ve seen consolidation since then. This basing has seen the GoNoGo Oscillator rise to the zero line. Staying at zero, the market needs to tell us in which direction momentum will resurface, and a break of the GoNoGo Squeeze will show us.
