$VTR has been in a “Go” trend since early February.
We saw price rise quickly through the end of that month but then move mostly sideways as momentum waned. Indeed, we saw a Go Countertrend Correction Icon (red arrow) indicating that price would struggle to go higher in the short term. Following that particular GoNoGo Icon, we saw GoNoGo Trend paint a series of weaker aqua bars and GoNoGo Oscillator fell to test the zero line from above. As it remained at that level, we saw a GoNoGo Squeeze build to its Max. Strength returned when GoNoGo Trend painted strong blue “Go” bars and price rose to challenge overhead resistance from prior highs. Finally, we see GoNoGo Oscillator breaking out of the Squeeze into positive territory. With momentum resurgent in the direction of the “Go” trend we see a Go Trend Continuation Icon (green circle) under the price bar. This has given price the boost it needed to climb to a new higher high.
