$CHGG was able to move into a “Go” trend in mid November
After GoNoGo Oscillator found support at the zero line after retesting, we saw GoNoGo Trend move into a “Go” trend as price jumped higher. Since then, price has consolidated sideways and we see a triangle pattern develop. With this reduced price volatility, GoNoGo Oscillator has fallen once again to test the zero line from above. This time, it has remained there, causing the grid of GoNoGo Squeeze to climb. Not yet at its Max, we will watch to see if the GoNoGo Squeeze continues and then will look for the break. Given that a “Go” trend is in place, it would suggest trend continuation if the GoNoGo Squeeze is broken into positive territory. This would likely see price break out of the triangle and we could use a measured move method to identify a first target.
