$ZNTL is in a “Go” trend with a max GoNoGo Squeeze as price has stalled.
Since rising out of a “NoGo” in June, price has moved mostly sideways and we have seen volatility reduced. Price has managed to stay at or above resistance from the highs of the basing pattern just as GoNoGo Oscillator has managed to stay primarily at or above the zero line. We are watching now to see if momentum can return in the direction of the “Go” trend. If the oscillator can break out of the Squeeze into positive territory that would indicate momentum surging in the direction of the “Go” trend and we can expect price to make new highs. A sensible target could be the prior lows from March, at just over $40.
