$AMD had been falling since making a high on March 8th.
However, after a final lower low at the beginning of this month, price has been rallying, and set a new higher low as GoNoGo Oscillator rose to challenge the zero line from below. As price stabilized the oscillator rode the zero line, causing the climbing grid of GoNoGo Squeeze to rise to its Max. This reflects a tug of war between buyers and sellers at these levels, as price entered a stretch of reduced volatility. The Max GoNoGo Squeeze was broken into positive territory, causing alarm bells to ring for the “NoGo” trend and the GoNoGo Trend indicator painted weaker pink bars as GoNoGo Oscillator fell to retest the zero line. Now, on heavy volume, GoNoGo Oscillator is finding support at the zero level and GoNoGo Trend is painting “Go” bars. With momentum now on the side of the new “Go” trend, we will watch to see if this gives price the push it needs to climb to a new higher high.
