$RMD has been in a “Go” trend since late April.
Earlier in April price had made its lowest low of the “NoGo” trend as as it rallied from the low we saw a Max GoNoGo Squeeze as investors fought over direction. On heavy volume, price gapped out of the “NoGo” as the oscillator broke out of the Squeeze into positive territory. After a few amber “Go Fish” bars of uncertainty, we saw price run higher on strong blue “Go” bars into the high on May 19th. A Go Countertrend Correction Icon (red arrow) told us that price may struggle to go higher in the short term and GoNoGo Trend painted a string of weaker aqua bars as price fell from the high. GoNoGo Oscillator fell to zero and we have seen another Max GoNoGo Squeeze build as we look for support. Now, the oscillator is breaking out of the Squeeze into positive territory and GoNoGo Trend is painting strong blue bars again. This tells us that momentum is resurgent in the direction of the “Go” trend (green Go Trend Continuation Icon) and so we will look to see if this gives price the push it needs to set a new higher high.
