$ENTA has been in a strong “NoGo” since the end of April.
We have seen price consolidating mostly sideways since the low a month later. As price rallied from there we saw the “NoGo” trend paint weaker pink bars before rolling over once more to paint the stronger purple “NoGo” bars as price returns to test those lows. As the price volatility has decreased over that time, we have seen the GoNoGo Squeeze grid climb to its max and stay there. We will watch to see in which direction the oscillator breaks out of the GoNoGo Squeeze. If it breaks out into negative territory we could expect an attack on the prior low.