GOGO's technical analysis at this juncture is that it's formed a "CUP WITH HANDLE" chart formation, which is a classic setup for a breakout after consolidation.
The Breakout from the Cup with Handle formation has just started with a breakout higher than it has been in the past 10 trading days.
Tomorrow should be good...
Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep.
Highest close in 2.5 weeks (13 trading days)!
If some large player wanted to manipulate GOGO down today, they could have easily done so because it was a very low volume day, but they didn't.
That tells us that maybe the nefarious forces that have been leaning on this stock are done with the downside and now they're going to run GOGO up.
Now the chart is following the classic BREAKOUT from a "Cup with Handle" consolidation pattern.
A strong breakout above $22 here will be VERY bullish as this is one of the more reliable technical indicators.