$CVNA has been in a “Go” trend since May.
Recently, however, it has moved mostly sideways and we saw GoNoGo Oscillator even move into negative territory as price action stalled. At the end of August GoNoGo Oscillator broke back into positive territory indicating that it was once again on the side of the trend. Since then, it has been finding support at the zero line and we see that volume has become heavy as it once again tests that level for support. If the oscillator rallies again into positive territory, we will see a Go Trend Continuation Icon (green circle), under the price bar. This will tell us that momentum is resurgent in the direction of the “Go” trend and we will look for price to make an attempt at a new high above resistance.
