$TPR was in a “Go” Trend since early December.
However, after making a higher high in the middle of January, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, following that signal, GoNoGo Trend painted succession of weaker aqua bars as price fell from the high and GoNoGo Oscillator failed to find support at zero, breaking into negative territory. Ultimately, we saw a “Go Fish” bar of uncertainty as investors lost conviction in the trend. Now, GoNoGo Oscillator has burst back into positive territory and GoNoGo Trend paints a new strong blue “Go” bar as price rises sharply above resistance to a new higher high. We will watch to see if price can consolidate at these levels in the coming days and with momentum resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) suggesting price can climb further from here.
