$SWTX in “Go” trend and max GoNoGo Squeeze

$SWTX in “Go” trend and max GoNoGo Squeeze


August 2022


Alex Cole

$SWTX has been in a "Go" trend since mid July after climbing from the low in June.

With GoNoGo Oscillator climbing above zero prior to that, it has been able to stay above zero and found support at that level each time tested.  Now as the "Go" trend consolidates, GoNoGo Oscillator is riding the zero line causing the grid of the GoNoGo Squeeze to climb to its max.  We also see that price is running up against resistance from the exhaustion gap we see at the end of May.  If the oscillator can rally into positive territory that would give price the momentum it needs to make an attempt to break out above that level.