$HRL sees momentum return in the direction of the “Go” trend.
After the low in mid June, GoNoGo Oscillator rallied above the zero line and has stayed there as GoNoGo Trend left NoGo colors, first painting amber “Go Fish” bars and then “Go” bars. As the new “Go” trend continued we saw it climb above horizontal resistance and set a new higher high. Now, GoNoGo Oscillator has bounced off the zero line indicating that momentum is in the direction of the “Go” trend and surging. This happens as price retests horizontal resistance. We will look for price to go higher from here.
