$CAR, Avis Budget Group saw a Go Countertrend Correction red arrow after rallying to a high on March 17th and has since moved lower.
This has caused GoNoGo Oscillator to fall to the zero line where a GoNoGo Squeeze is beginning to build as the oscillator stays at that level. We will watch to see if the oscillator can break out of the squeeze into positive territory. In this case, we would see a Go Trend Continuation green circle appear under the price bar indicating that momentum is resurgent in the direction of the “Go” trend. Look for price then to attempt to set a new high.
