After an amber “Go Fish” bar of uncertainty, $DVA price gapped higher in early May.
Since then, price stalled a little and moved sideways. We saw a Go Countertrend Correction Icon (red arrow) on the chart as as momentum waned. Following this we saw a string of weaker aqua “Go” bars as price fell slightly from the high. During this time, we saw GoNoGo Oscillator fall to the zero line and dip its nose into negative territory before rallying to test that level on stronger blue “Go” bars. Now, with momentum back in positive territory we see a Go Trend Continuation Icon (green circle). Momentum is resurgent in the direction of the “Go” trend, and GoNoGo Trend is painting strength with bright blue bars as price breaks above resistance for a higher high. We will watch to see if price can consolidate at these new highs before potentially climbing further in the coming days and weeks.
