$BNY has been in a “Go” trend since April.
We have seen a series of higher highs and higher lows as price climbed to over $165. During this move, GoNoGo Oscillator has remained primarily at or above the zero line finding support each time it has hit that level. After breaking out of a Max GoNoGo Squeeze we saw resurgent momentum propel price to a new higher high. After that high, GoNoGo Charts triggered a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. GoNoGo Trend then painted weaker aqua bars as price fell from the high and GoNoGo Oscillator fell to test the zero line again. It has found support and bounced back into positive territory. We see a Go Trend Continuation Icon (green circle) telling us that momentum is once again surging in the direction of the price trend. We will watch to see if this boost in momentum gives price the push it needs to climb to a new higher high.
