$WDC sees a new “Go” trend emerge on an aqua bar.
After a month of sideways consolidation that followed a low at the end of September, we are seeing price finally break out of the “NoGo” and paint an aqua “Go” bar. During the consolidation, GoNoGo Oscillator rode the zero line for almost a whole month, causing the climbing grid of GoNoGo Squeeze to hit to max squeeze’s. This prolonged period of reduced volatility was finally broken to the upside with the oscillator now at +2 confirming that momentum is on the side of this new “Go” trend. Look for price to set a new high above $38.90.
