$CVS has been in a “Go” trend since late January.
We have seen higher highs and higher lows and GoNoGo Oscillator was at or above the zero line, finding support at that level the entire time. Recently, after a new intraday high that broke above horizontal resistance, we saw price fall sharply and close below resistance. GoNoGo Oscillator fell through the zero line slightly ahead of that on heavy volume. Now, on the very next bar, price has rallied back above resistance and was able to close near session highs, and GoNoGo Oscillator has regained positive territory on heavy volume. We will look for price to consolidate at these levels and use it as support going forward.
