$EFX has been in a “Go” trend since mid November of last year.
During December, price hit highs that have not since been surpassed. We saw a couple of Go Countertrend Correction Icons (red arrows) at those highs indicating that price may struggle to move much higher in the short term and that indeed was the case. GoNoGo Trend mixed in some weaker aqua bars and GoNoGo Oscillator fell to test the zero line from above. A few blips into negative territory not withstanding, GoNoGo Oscillator has been finding support at that level. Over the past few bars, GoNoGo Trend showed some uncertainty as it painted amber “Go Fish” bars but quickly returned to paint a strong blue “Go” bar as price surged up to test horizontal resistance from those prior highs. GoNoGo Oscillator confirmed this return to trend by crossing back into positive territory on heavy volume. We will look for price to move higher from here and set a new high.
