$FOXA has been in a “Go” trend since March of this year.
After hitting another higher high at the end of September, we have seen price range narrow and move mostly sideways for the past month. GoNoGo Trend has painted lots of weaker aqua bars during this meandering price action. During the same time, GoNoGo Oscillator fell to test the zero line from above and with little directional momentum we saw a Max GoNoGo Squeeze build. After briefly breaking into positive territory we saw the oscillator fall to zero again and another Max GoNoGo Squeeze reflecting a virtual tug of war between buyers and sellers at this level. Now, after price surged higher to a new high, GoNoGo Oscillator is breaking out of the Squeeze into positive territory on heavy volume. We will watch to see if this gives price the push it needs to consolidate at these new levels and then climb from here.
