$LDOS has been in a “Go” trend since late June.
We have seen a series of higher highs and higher lows since then with GoNoGo Oscillator being primarily supported by the zero line. The oscillator has been at or above that level the vast majority of the time. This tells us that momentum has been in line with the “Go” trend as prices have risen. Most recently, after the last high, we saw a Go Countertrend Correction Icon (red arrow) and price fell on a series of weaker aqua bars. GoNoGo Oscillator fell to the zero line and rode that level for several bars as we saw an extended, Max GoNoGo Squeeze. This indicated a tug of war between buyers and sellers at this level. Importantly, the Squeeze has been broken into positive territory and volume has increased (dark blue oscillator) as GoNoGo Trend once again paints strong blue bars. We will see if the resurgent momentum in the direction of the “Go” trend is enough to give price the boost it needs to challenge the prior high.
