$UHS entered a “Go” trend in the middle of August.
Since then, we have seen a series of higher highs and higher lows as price has climbed to almost $213. During that time GoNoGo Oscillator has been finding support at the zero line, staying at or above that level the entire time. After the most recent high, we saw a Go Countertrend Correction Icon (red arrow) indicating waning momentum, and that price may struggle to go higher in the short term. Indeed, GoNoGo Trend painted a series of weaker aqua bars as price fell from the high. We looked at the oscillator panel to see if GoNoGo Oscillator would again find support and we saw it ride that level for several bars and a GoNoGo Squeeze form. This reflects the virtual tug of war between buyers and sellers at this level and it has been important to see a break of the Squeeze into positive territory. With momentum therefore resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) and will watch to see if this gives price the push it needs to move higher this week.
