$COST has been in a “Go” trend since the middle of January.
Since then we have seen price make successive higher highs and higher lows. This has pushed price to over $1000. After the last higher high, we saw price fall on weaker aqua bars and GoNoGo Oscillator has fallen to test the zero line from above. Once again, it has found support at this level and this gives us signs of Go Trend Continuation (green circle). With momentum resurgent in the direction of the “Go” trend, we see price rising to threaten prior highs. We will watch to see if this boost in momentum sees GoNoGo Trend paint strong blue bars as price tries to break to a new higher high in the coming days and weeks.
