$AIZ has been in a “Go” trend since early August.
We have seen a couple of higher highs and higher lows since that time as price has climbed to over $223. After the most recent 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, GoNoGo Trend painted a string of weaker aqua “Go” bars following the icon. GoNoGo Oscillator fell to test the zero line from above and we note that it has quickly found support with the oscillator regaining positive territory. With momentum therefore resurgent in the direction of the underlying “Go” trend, and GoNoGo Trend painting a fresh strong blue “Go” bar, we will watch to see if this gives price the push it needs to set a new higher high in the coming days.
