Mohawk holdings has seen a strong rally from a “Go” at under $10 in early December. After consolidating sideways for most of the last week, the GoNoGo Oscillator fell to the zero line.
In a strong trend, the zero line acts as support (resistance in a downtrend) and so it is encouraging to see that the GoNoGo Oscillator was able to rally back into positive territory. As this happened price was able to surge and make a new high. This points to more positive price action in the coming days.
By
Alex Cole
