$CF has been in a “Go” trend since early January.
Since then, price has raced higher making higher highs and higher lows hitting over $97. Since the beginning of this new trend, we have seen GoNoGo Oscillator at or above the zero line, finding support at that level each time it has been tested. This tells us that momentum has remained on the side of the “Go” trend during the move. Most recently, after price fell from the latest high, GoNoGo Oscillator fell to test the zero line from above again. It quickly found support, bouncing back into positive territory. This is a sign of Go Trend Continuation (green circle). With momentum therefore resurgent in the direction of the “Go” trend, we will look to see if this gives price the push it needs to climb to a new higher high.
