$HOLX has been in a “Go” trend since late last year.
It saw a massive rise that continued through the start of this year with price making a series of higher highs and higher lows. We have seen some periods of uncertainty after weakness with GoNoGo Trend painting amber “Go Fish” bars following weaker aqua “Go” bars. During these moments, GoNoGo Oscillator failed to find support at zero and dove into negative territory for a short while. In each case, we saw a quick recovery with the oscillator breaking back into positive territory helping the “Go” trend continue. Most recently, GoNoGo Oscillator was able to find support at the zero line and as it rallies back into positive territory on heavy volume we see price gap to new highs. We will look for this gap to provide support going forward and expect price to consolidate these higher prices as it looks for more gains in the coming days and weeks.
