$DXCM has entered a new “Go” Trend.
This comes after a brief foray into “NoGo” bars when price couldn’t quickly halt the slide from the Go Countertrend Correction Icon (red arrow) at the last high. GoNoGo Trend painted a run of weaker aqua bars before finally painting purple and pink. Previously, GoNoGo Oscillator had fallen into negative territory. The horizontal level on the chart comes from prior highs in a previous “NoGo” trend and we see the concept of polarity playing out here as price found support at that level. GoNoGo Trend painted first an amber “Go Fish” bar and then settled back into “Go” bars as price moves higher. GoNoGo Oscillator is breaking back into positive territory confirming the new “Go” trend and triggering a Go Continuation Icon (green circle) under price. With this boost in momentum, we will watch to see if price can make a run at a new higher high.
