$ARM has been in a “Go” trend since November of last year.
Earlier this year price gapped higher and we saw new highs hit on strong moves in early February. Since then, we have seen the trend stall somewhat with price moving mostly sideways since the Go Countertrend Correction Icon (red arrow). This Icon told us that price may struggle to go higher in the short term. GoNoGo Oscillator fell to test the zero line from above and although it hasn’t fallen into negative territory it has been unable to rally back above zero. This has triggered the rising grid of GoNoGo Squeeze to climb to its Max. A Max GoNoGo Squeeze reflects a tug of war between buyers and sellers and it will be important to see in which direction it resolves. If the GoNoGo Squeeze is broken by the oscillator moving back into positive territory then we will be able to say that momentum is resurgent in the direction of the “Go” trend. We would see a Go Trend Continuation Icon (green circle) and could expect price to make an attempt at a new higher high.
