$FAST has been in a “Go” trend since early April.
Since then we have seen saw price race to almost $48 on a strong run of mostly bright blue “Go” bars through most of July. After the last high on July 25th, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term and indeed, we saw a series of weaker aqua bars as price fell from that high. During that time, GoNoGo Oscillator fell to test the zero line from above and stayed at that level as we saw a GoNoGo Squeeze build. It was important to note the direction of the break and as it rallies back into positive territory we see GoNoGo Trend again painting strong blue bars as price recovers. We will watch to see if this resurgent momentum in the direction of the “Go” trend (reflected in the Go Trend Continuation Icon, green circle) will be enough to give price the push it needs to challenge for a new high.
