$STT has been in a “Go” trend since early April.
Since then, we have seen price set higher highs and higher lows and GoNoGo Oscillator has provided momentum support by being at or above the zero line for the entire move. Recently, we saw Go Countertrend Correction Icons (red arrows) at the last high, signaling that price may struggle to go higher in the short term due to waning momentum. Indeed, we saw price fall from the high and GoNoGo Trend painted weaker aqua bars. GoNoGo Oscillator fell to the zero line and we saw a small GoNoGo Squeeze as the oscillator rode that level. With price again painting strong blue bars, we see the oscillator breaking out of the Squeeze back into positive territory. This has give price the boost it needed to climb to another higher high. We will look for price to consolidate at these levels over the coming days before potentially climbing higher still.
