$COGT has been in a “Go” trend since the end of May.
This trend began after GoNoGo Oscillator broke out of a Max GoNoGo Squeeze into positive territory. We have since seen price race higher before running up against overhead resistance. After a couple of Go Countertrend Correction Icons (red arrows) we knew price may struggle to go higher in the short term and indeed it has moved mostly sideways since then as GoNoGo Trend sprinkled in some weaker aqua bars. During this time, GoNoGo Oscillator has fallen to test the zero line again on heavy volume, and we saw another Max GoNoGo Squeeze build before being broken once again into positive territory. With the Go Trend Continuation Icon (green circle) telling us that momentum is resurgent in the direction of the “Go” trend, we will look to see if this gives price a boost toward new highs in the coming days and weeks.
