After a whole week of amber “Go Fish” bars of uncertainty, $TPL has entered a “Go” trend.
This comes after price made successive lower lows and lower highs in a “NoGo” trend that pushed price down below $350. After originally climbing out of the “NoGo” trend and painting a weak aqua “Go” bar we see that price failed at resistance from prior highs. After finding support, we see that price is painting strong blue “Go” bars as the trend has returned. If we look at the lower panel, we see that price has tested the zero line and found support, telling us that momentum is positive and inline with the new “Go” trend. This has triggered a Go Trend Continuation Icon (green circle) under price. With momentum therefore resurgent in the direction of the new “Go” trend we will watch to see if this gives price the boost it needs to climb above resistance and set a new higher high.
