Commscope Holdings Co Inc breaks out of a max GoNoGo Squeeze to the upside.
After hitting ultimate lows back in the first part of November ’21, GoNoGo Oscillator climbed above zero and has found support there since. GoNoGo Trend followed suit, first by breaking the hold of the “NoGo” and painting some amber “Go Fish” bars. Finally, GoNoGo Trend solidified the trend painting strong blue “Go” bars and we now see GoNoGo Oscillator rising from the zero line breaking out of the climbing grid of the GoNoGo Squeeze. This has caused a green Go Trend continuation icon to appear under the current price bar. There is some overhead resistance at the highs of the basing pattern but if price can get above that we can look for price to move to an initial target around $13.30
