$KO has been in a “Go” trend for a couple of weeks.
Price was able to emerge out of a “NoGo” correction that took price mostly sideways for a few months after falling from the late February high. After entering a “Go” trend price has struggled to go higher and we have seen GoNoGo Trend paint mostly weak aqua bars. In an example of polarity, price has consistently found support at levels that were the highs during the “NoGo”. We also see that GoNoGo Oscillator has fallen to test the zero line from above and it quickly found support, bouncing back into positive territory. This has triggered a Go Trend Continuation Icon (green circle) under the price bar. With GoNoGO Trend again painting a strong blue “Go’ bar as price rises to challenge resistance from the prior high, we will watch to see if this resurgent momentum in the direction of the “Go” trend will help propel price to a new higher high in the coming days.
