$Skin in a max squeeze looking for next direction

$Skin in a max squeeze looking for next direction


July 2021


Alex Cole

$SKIN, The Beauty Health Company, has seen a strong rally over the past several months that has seen price gain over 100%.

Since the high in mid June, price action has taken the stock generally sideways as investors digest gains.  The GoNoGo Oscillator has been able to find support at the zero line but has been riding the zero line causing the climbing grid of the GoNoGo Squeeze to hit and stay at its extreme.  This shows reduced volatility as momentum is completely neutral.  We will watch to see if the oscillator can break out of the Squeeze to the upside again, telling us that momentum has come back in the direction of the "Go" trend.