$COMM with some overhead resistance to fight through


July 2023


Alex Cole

$COMM has been in a "Go" trend since the middle of last month.

After the "Go" trend was established we saw GoNoGo Oscillator fall to test the zero line from above and it quickly found support.  As it rallied into positive territory we saw price break through horizontal resistance and paint a first "Go" bar. A week of strong price action has seen price enter an area of congestion and we will look for a pull back in the short term after the Go Countertrend Correction Icon (red arrow).  However, the concept of polarity would suggest we'll see support at the lower horizontal line.  Ultimately, if the oscillator can hold strong at and above the zero line we would look for price to make an attempt on a new higher high.