$COR has been in a “Go” trend for just over a week.
This trend has emerged after a strong “NoGo” move that saw price crater to lows in early May. We saw an exhaustion gap leading these lows. After that low, there was a NoGo Countertrend Correction Icon (green arrow) indicating that price may struggle to go lower and price failed to make a new low since. In a reflection of the virtual tug of war between buyers and sellers at these lows, we saw an extended Max GoNoGo Squeeze that was broken to the upside and so we knew momentum was out of step with the “NoGo” trend. Now, with GoNoGo Trend painting “Go” bars and price rallying into the gap highlighted on the chart, we see GoNoGo Squeeze again find support at zero and stay in positive territory. With momentum therefore resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) and can expect price to continue to rally to close the gap in the coming days and weeks.
