$CMG has been in a “Go” trend since earlier in September.
GoNoGo Oscillator has been hinting at bullish behavior for much longer. After the low in August, the oscillator broke above the zero line and has been finding support at that level ever since. As the new “Go” trend took hold, GoNoGo Oscillator moved into positive territory and stayed away from the zero line for a few weeks. Recently, as price consolidated on weaker aqua “Go” bars, we saw that the oscillator fell to test the zero level again. It remained at that level and we saw the climbing grid of GoNoGo squeeze rise to its Max. Now, as price threatens a new high, GoNoGo Oscillator has broken out of the GoNoGo Squeeze into positive territory confirming the “Go” trend that is in place. We will watch to see if this resurgent momentum is enough to give price the push it needs to make a new high.
