$APTV was in a “NoGo” trend for for several months until the beginning of May.
After a final low in April, the technical environment changed and we saw a string of amber “Go Fish” bars as price raced higher. When the “Go” trend was recognized, investors were ready to take a pause and after a Go Countertrend Correction Icon (red arrow) we saw prices move slightly lower against the new “Go” trend and we could see this as a flag formation. GoNoGo Trend painted mostly weaker aqua bars and GoNoGo Oscillator fell to test the zero line. When the oscillator remained stuck at zero, we knew that there was a tug of war playing out between buyers and sellers at this level, and it became important to watch for the direction of the break of the Max GoNoGo Squeeze. GoNoGo Oscillator has now broken out of the Max GoNoGo Squeeze into positive territory and on heavy volume (dark blue line of oscillator). This tells us that momentum is resurgent in the direction of the “Go” trend and we can look for price to make an attempt at a new higher high.
