Snap One Holdings Corp is in a “Go” trend but has consolidated sideways after hitting a high in the middle of November.
This reduced volatility has caused the GoNoGo Oscillator to ride the zero line as all of the inputs to the to the momentum oscillator are in neutral territory. We will now watch to see if the objective zero line can hold as support. If it does, we will see the oscillator rally into positive territory signaling that momentum has returned in the direction of the “Go” trend and we can expect price to make a move to take out the prior high.
