$VRSN has been in a “Go” trend since early December of last year.
Since then, we have seen a series of higher highs and higher lows as price climbed over $240. At the most recent high, we saw a couple of Go Countertrend Correction Icons (red arrows) indicating that in the short term price may struggle to go higher due to waning momentum. Since then, price has moved mostly sideways and GoNoGo Oscillator has fallen to test the zero line from above. Now, with the oscillator holding at the zero line and GoNoGo Trend painting strong blue bars again, we will watch to see if price is setting up for a new higher high in the coming days.
