$HAL has been in a “Go” trend since late last year.
We have seen a series of higher highs and higher lows as price has climbed to over $41. During this trend, we see that GoNoGo Oscillator has been primarily at or above the zero line, providing support for the price move. At the last higher high, we see a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning. momentum. Indeed, price fell from that high on mostly weaker aqua “Go” bars. GoNoGo Oscillator fell to test the zero line again, where we saw an extended Max GoNoGo Squeeze build. Now, after a brief dip into negative territory, we see GoNoGo Oscillator has rallied back into positive territory as price once again paints strong blue bars. With momentum therefore resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle). We will watch to see if this gives price the boost it needs to climb to a new higher high in the coming days.
