$META has been in a “Go” trend since early May.
Since then, we have seen a series of higher highs and higher lows helping push price back to test prior high from earlier in the chart. We can see that this level has become resistance and the first time it tested it price fell back after a Go Countertrend Correction Icon (red arrow) and GoNoGo Trend painted series of weaker aqua bars. During this time, GoNoGo Oscillator fell to test the zero line and importantly found support. Now, with the oscillator rallying off zero back into positive territory we see GoNoGo Trend painting another strong blue “Go” bar as price makes another run at climbing above resistance. A Go Trend Continuation Icon (green circle) tells us that momentum is resurgent in the direction of the trend and we will watch to see if this gives price the push it needs to finally break above resistance.
