$KR has been in a “Go” trend since early February.
Since then, we have seen a series of higher highs and higher lows. After the most recent higher high earlier this month, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, we saw price fall and GoNoGo Trend painted a string of weaker aqua bars. Now, with GoNoGo Trend painting strong blue bars once again, we see that GoNoGo Oscillator has found support at the zero line and volume is heavy. This tells us that momentum remains in the direction of the underlying “Go” trend and we will watch to see if it gives price the push it needs to climb to another higher high.
