$NI entered a “Go” trend and set a new high earlier this month.
After that high, we saw momentum cool and GoNoGo Trend paint a series of weaker aqua bars. During this time, GoNoGo Oscillator fell to test the zero line from above and we saw it remain at that level for several bars. This caused a GoNoGo Squeeze to build close to its Max reflecting a virtual tug of war between buyers and sellers at this level. When GoNoGo Oscillator broke out of the Squeeze into positive territory with GoNoGo Trend once again painting strong blue bars this indicated momentum resurgence in the direction of the trend. Now, with a second bounce of zero, we see another Go Trend Continuation Icon (green circle) suggesting price will have the push it needs to make an attack on another higher high.
