$LVS has been in a “Go” trend since October.
Since then we have seen a higher high and a higher low. After the high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, price fell and GoNoGo Trend painted mostly weaker aqua bars. During this pullback, GoNoGo Oscillator fell to test the zero line from above. As it lingered at the zero line for several bars, we saw a GoNoGo Squeeze build. Now, GoNoGo Oscillator is breaking out of the GoNoGo Squeeze into positive territory. This has caused a Go Trend Continuation Icon (green circle) to appear under price as momentum is resurgent in the direction of the “Go” trend. With price challenging for new highs, and GoNoGo Trend painting a fresh bright blue “Go” bar, we will watch to see if this boost in momentum helps price consolidate at these elevated levels and perhaps climb further.
