$A has been in a “Go” trend since late August.
Since then we have seen a series of higher highs and higher lows as price has climbed to almost $150. After that most recent high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, GoNoGo Trend painted a mix of weaker aqua bars as price has moved mostly sideways. GoNoGo Oscillator has been at or above the zero line for the entire trend and since the high has been able to find support at that level. We are now seeing a second Go Trend Continuation Icon (green circle) as price rallies to challenge for a new high. 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.
