$HUM has been in a “Go” trend since early April.
During this strong move in price we have seen higher highs and higher lows as price has climbed to almost $380. For the duration of this move, GoNoGo Oscillator was above the zero line, informing us that momentum was on the side of the “Go” trend the entire time. After the most recent higher high, we saw a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher due to waning momentum. Indeed, we saw GoNoGo Trend paint a series of weaker aqua bars as price fell. This time, GoNoGo Oscillator fell to test the zero line and we immediately saw support as the oscillator bounced off zero back into positive territory. This tells us that momentum is resurgent in the direction of the “Go” trend and we will watch to see if price can climb higher again in the coming days.
