$CAT has been in a strong, long “Go” trend since May of last year.
Only a few amber “Go Fish” bars in September interrupted the blue and aqua. During that time, GoNoGo Oscillator has been primarily at or above the zero line, mostly finding support at that level and confirming the trend in price. Most recently, after the last high earlier this month, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, price has since fallen slightly from the high and we see GoNoGo Trend painting weaker aqua bars. GoNoGo Oscillator also fell to test the zero line from above, and has quickly found support, bouncing back into positive territory. With momentum resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) under price, and we will watch to see if this gives price the boost it needs to climb to yet another higher high in the coming days.
