$REG has been consolidating sideways since flagging a Go Countertrend Correction Icon (red arrow) on 11/11/22.
This happened as price failed at resistance from a prior high in mid August. The reduced price volatility that ensued has caused GoNoGo Oscillator to fall to and remain at the zero line, indicating a tug of war between buyers and sellers and no directional momentum. We will watch to see in which direction the GoNoGo Squeeze is broken. A break into positive territory would indicate Go Trend Continuation but a break out of the Squeeze below the zero line would suggest possible reversal.
