$STE has been in a “Go” trend since December of last year.
After hitting a high on 12/28 we saw a Go Countertrend Correction Icon (red arrow) that indicated price may struggle to go higher in the short term. Since then, we have seen lots of weaker aqua “Go” bars and GoNoGo Oscillator fell to the zero line showing a loss of enthusiasm. During this period, GoNoGo Oscillator has mostly found support at the zero line. After a brief dip into negative territory, the oscillator is once again finding support at the zero line, and has rallied off the zero line into positive territory one more time. This time, volume is heavy and we will see if this surging momentum in the direction of the underlying “Go” trend will give price the push it needs to break to a new higher high.
