$ARM has been moving mostly sideways since hitting a high on February 12th.
This high followed a large gap and much increased volatility. We have seen throughout this “Go” trend that every time GoNoGo Oscillator has fallen to the zero line it has found support. Twice, we have seen volatility fall only for the GoNoGo Oscillator to break out of a Max GoNoGo Squeeze into positive territory. Will the same happen again? Since the high, price has moved sideways with decreasing volatility and GoNoGo Trend has painted several weaker aqua bars reflecting weakness in the current “Go” trend. GoNoGo Oscillator is now riding the zero line as there is a tug of war between buyers and sellers at this level. We will watch for the break out of the Max GoNoGo Squeeze knowing that after periods of lower volatility can come periods of higher volatility. If the oscillator moves into positive territory then we would know that momentum is on the side of the “Go” trend and we would expect an attempt at new highs.
