$ROST has been in a “Go” trend since late July.
This came after price rallied out of a double bottom that entered a “NoGo” after a gap lower. Price has worked hard to fill the gap but has found the top of the gap to be resistance several times. As it has been turned away from the resistance level, GoNoGo oscillator has been able to find support at zero and is breaking out of a small GoNoGo Squeeze back into positive territory as price tests resistance again. With momentum resurgent in the direction of the “Go” trend we see a Go Trend Continuation Icon (green circle) under price. We will watch to see if this gives price the push it needs to break above the resistance from the upper bound of the gap and move higher to challenge for a new high.
