$ROST has been in a “Go” trend for several months.
With the exception of a few amber “Go Fish” bars, we see that $ROST has been in a “Go” trend making higher highs and higher lows for since July of last year. During that time, GoNoGo Oscillator has primarily been at or above the zero line, providing support for the trend. After the most recent high, we saw a Go Trend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term, and indeed we saw GoNoGo Trend paint several weaker aqua bars as price fell from the high and then moved mostly sideways. As the trading range shrunk, we saw GoNoGo Oscillator fall to test the zero line from above and a Max GoNoGo Squeeze form, reflecting the virtual tug of war between buyers and sellers at that level. Now, the Max GoNoGo Squeeze has been broken into positive territory, and this triggered a Go Trend Continuation Icon (green circle) to appear under the price bar as it climbs above resistance. With momentum resurgent in the direction of the “Go” trend, we will look for price to consolidate at these highs before perhaps climbing higher.
