$TGT has been in a “Go” trend since late last year.
Since then we have seen a series of higher highs and higher lows as price has climbed to $126. During that time, GoNoGo Oscillator has primarily been supported by the zero line. On extended periods of weakness (aqua trend bars) the oscillator has dipped briefly into negative territory but quickly recovered. This shows that momentum has largely remained in the direction of the “Go” trend. Most recently, after failing to make a new high by failing at prior high resistance, we saw price fall on a couple of weaker aqua bars but GoNoGo Oscillator again find support at the zero line. With momentum resurgent in the direction of the trend we see a Go Trend Continuation Icon (green circle) and bright blue trend bars as price tries again to set a new higher high. We will watch to see if this boost in momentum is enough to push price higher in the coming days.
