$NTRS has been in a “Go” trend since early April.
Price was able to rally out of a “NoGo” correction that price lower through the end of March. After a new high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, GoNoGo Trend painted several weaker aqua bars as price fell from the high. Now, we see GoNoGo Oscillator back in positive territory having broken out of another GoNoGo Squeeze. This tells us that for now the bulls have won the battle at these price levels and momentum is resurgent in the direction of the “Go” trend. With momentum on its side, and GoNoGo Trend once again painting strong blue “Go” bars, we will watch to see if price can continue to climb and challenge the high from a month ago.
