Inspired Entertainment Inc, looks set to mount an attack on the highs from the beginning of the month.
After having rallied strongly since the middle of May, price has been consolidating sideways or slightly against the “Go” trend since setting highs earlier this month. During the latter period of that consolidation, the GoNoGo Oscillator fell to the zero line and stayed there for some time causing the climbing grid of the GoNoGo Squeeze to rise to its extreme. We also saw lower than average volume, which is typical of such consolidations. The GoNoGo Oscillator has now broken out of this squeeze into positive territory signaling that momentum has come back in the direction of the “Go” trend. We can look for price to attempt to make a new high.
