Hawkins Chemical, Inc ($HWKN) in extreme GoNoGo Squeeze

Hawkins Chemical, Inc ($HWKN) in extreme GoNoGo Squeeze


June 2022


Alex Cole

$HWKN is in an extended max GoNoGo Squeeze as it tries to fight out of a "NoGo" trend.

As price makes a higher low GoNoGo Oscillator has risen to the zero line where it has stayed for over two weeks.  This shows us there has been little directional momentum as a tug of war between buyers and sellers takes place.  We will watch to see in which direction the Squeeze is broken.  If the oscillator breaks out of the Squeeze into negative territory, we will expect price to roll over and remain in the "NoGo".  Should GoNoGo Oscillator break out of the GoNoGo Squeeze into positive territory however, we can expect a new higher high and possible trend change in the price panel above.