$MU has been in a “Go” trend since late August.
This came after a period of uncertainty as GoNoGo Trend painted a string of amber “Go Fish” bars, and GoNoGo Oscillator burst out of an extended Max GoNoGo Squeeze into positive territory. Prices climbed quickly, making a series of higher highs and higher lows as it climbed to a high over $257. After that last higher high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, we saw price fall from the high and GoNoGo Trend paint mostly weaker aqua bars. GoNoGo Oscillator even fell through the zero line into negative territory but quickly rallied to test that level from below. We saw another Max GoNoGo Squeeze as the oscillator rode the zero line, reflecting a virtual tug of war between buyers and sellers. Now, with GoNoGo Trend painting strong blue “Go” bars as price rallies to test prior highs, GoNoGo Oscillator is breaking out of the Max GoNoGo Squeeze back into positive territory. With momentum resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) and we will watch to see if this gives price the boost it needs to climb above resistance to a new higher high.
