$KYMR potential set up in GoNoGo Squeeze

$KYMR potential set up in GoNoGo Squeeze


July 2022


Alex Cole

$KYMR, Kymera Therapeutics, is in a max GoNoGo Squeeze.

In mid June, we saw the GoNoGo Oscillator break above the zero line which indicated a real threat to the "NoGo" trend. As prices climbed, $KYMR emerged out of the "NoGo" until a "Go" trend was identified at the beginning of the month.  Now, the new trend is being tested. We see weaker aqua "Go" bars as price consolidates from its recent high causing GoNoGo Oscillator to fall to test the zero line from above.  A max GoNoGo Squeeze has formed as the oscillator remains at zero.  There is little directional momentum as we see a tug of war between the bulls and the bears.  We will look to see if the oscillator can break out of the squeeze into positive territory.  In this case, we would see a Go Trend Continuation Icon (green circle) appear under the price bar and we would then look for price to break to new highs.  The reverse scenario would see the oscillator break out of the squeeze into negative territory, a potential worry for the new "Go" trend.