$CVS has entered a new “Go” trend.
This comes after price moved mostly sideways for a few months and GoNoGo Trend struggled to maintain its trend colors. During this period, price did not make a new lower low and we see that most recently, GoNoGo Oscillator has broken out of a Max GoNoGo Squeeze into positive territory. This indicates that the tug of war between buyers and sellers is resolving to the upside. It will be important for the oscillator to remain at or above zero in the coming days as price tries to consolidate its attempt to move higher. With the “Go” trend back (aqua bars) and momentum resurgent in the direction of the trend, we will watch to see if price can climb to a new higher high.
