$CAH has been in a “Go” trend since early April.
Since that time we have seen a series of higher highs and higher lows pushing price beyond $168. At the last 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 immediately painted weaker aqua bars as price fell slightly against the trend. GoNoGo Oscillator fell sharply to test the zero line on heavy volume. Given that it has remained at or above zero for the entire trend so far, it is important to see that it quickly found support at that level and bounced back into positive territory. With momentum therefore resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) under price. We will see if this gives price the push it needs to break to a new higher high in the coming days.
