GenMab is an international biotech company developing human antibody therapeutics.
After rallying out of a ‘NoGo” trend that was in place since November of last year, a “Go” trend was identified at important levels of support and resistance, with the oscillator breaking out of a GoNoGo Squeeze. Having consolidated at that level, GoNoGo Oscillator has fallen back to the zero line where it has found support. This suggests that momentum is on the side of the “Go” trend and we can look for price to set a higher swing high.
