$HAS entered a “Go” trend in late July.
Since then, we have seen price set higher highs and higher lows as it ran up against prior high resistance. Looking back we see a lot of overhead resistance that has caused problems for the bulls. After rallying out of the latest “NoGo”, we saw price get turned away by resistance for the first time and a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, GoNoGo Trend painted a string of weaker aqua bars as GoNoGo Oscillator fell to test the zero line from above. We see that the oscillator found support twice and is now bouncing back into positive territory again. This has triggered another Go Trend Continuation Icon (green circle) telling us that momentum is resurgent in the direction of the price trend. We will watch to see if this gives price the boost it needs to climb to a new high above resistance in the coming days.
