$ORCL has been in a “Go” trend since early May.
Since then we have seen a series of higher highs and higher lows with GoNoGo Trend painting predominantly strong blue “Go” bars. During this time GoNoGo Oscillator has been at or above zero, in positive territory confirming the trend and finding support at that zero every time it tests it. Most recently, after the Go Countertrend Correction (red arrow) we saw at the last high, GoNoGo Trend has painted a few weaker aqua bars as momentum waned and GoNoGo Oscillator fell to test the zero line from above once again. It has quickly found support, bouncing back into positive territory and giving a Go Trend Continuation Icon (green circle). We will watch to see if this gives price the push it needs to climb to another higher high in the coming days.
