$MET has been in a “Go” Trend for months, since April.
During that time we saw price run to over $100. We saw a series of higher highs and higher lows and GoNoGo Oscillator has been primarily supported by the zero line, finding support at that level during the trend. After the last higher high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, we saw price fall away on mostly weaker aqua bars and the oscillator fall into negative territory. Now, we see GoNoGo Trend again painting strength, and GoNoGo Oscillator back in positive territory. This has triggered a Go Trend Continuation Icon (green circle) as price tries to break above resistance. With momentum resurgent in the direction of the “Go” trend, we will look to see if this gives price the push it needs to set a new higher high.
