$AIZ has been in a “Go” trend since late July.
After a new higher high at the beginning of this month, we saw a Go Countertrend Correction Icon (red arrow) that indicated price may struggle to go higher in the short term. Indeed, following this icon, GoNoGo Trend painted a string of weaker aqua “Go” bars as price fell from the high. GoNoGo Oscillator fell to test the zero level during this time and it got stuck there, causing the grid of GoNoGo Squeeze to climb close to its Max. This reflected the virtual tug of war between buyers and sellers at this level. As strength returned to the price trend in the form of strong blue bars, GoNoGo Oscillator broke out of the GoNoGo Squeeze back into positive territory, finding the support it was looking for. With momentum now resurgent in the direction of the “Go” trend, we will look to see if this gives price the push it needs to make a new higher high.
