$FRT has been in a “Go” trend since early April.
Since then, we have seen a series of higher highs and higher lows as price has climbed over $126. After the most recent high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle due to waning momentum. Indeed, we then saw GoNoGo Trend paint a series of weaker aqua bars as GoNoGo Oscillator fell to test the zero line from above. As it has many times during this trend, GoNoGo Oscillator found support at the zero line and bounced back into positive territory. This tells us that momentum is resurgent in the direction of the “Go” trend. At the same time, we see that GoNoGo Trend has started to paint strong blue “Go” bars again, and we will watch to see if this boost in momentum will give price the push it needs to climb to a new higher high in the coming days and weeks.
