$KEY has been in a “Go” trend since mid May.
Since then we saw price move sideways and then rise sharply to a new high on July 9th. After that high, a Go Countertrend Correction Icon (red arrow) was triggered telling us that in the short term price may struggle to go higher due to waning momentum. Indeed, GoNoGo Trend then painted a series of weaker aqua bars, before price rallied back to test resistance on strong blue. During this time, GoNoGo Oscillator fell to test the zero line and it quickly found support on heavy volume. Now with signs of Go Trend Continuation (green circle) from momentum being resurgent in the direction of the trend, we will watch to see if this gives price the push it needs to move to a new high in the coming days.
