$FOX has been in a “Go” trend since April.
After hitting new highs in late September, we see that price has moved mostly sideways, unable to make new highs for over a month. GoNoGo Trend has sprinkled in lots of weaker aqua “Go” bars showing the weakness in the trend. GoNoGo Oscillator during this time fell to test the zero line from above. On two occasions, the oscillator got stuck at the zero level, allowing the climbing grid of GoNoGo Squeeze to build to its Max. This shows the tug of war between investors at these price levels. Now, with the oscillator breaking out of the second GoNoGo Squeeze into positive territory, we know that momentum is resurgent in the direction of the underlying “Go” trend. We will look to see if this gives price the push it needs to make an attack on new highs.
