$VRSN has been in a “Go” trend since last December.
Since then, we have seen price climb over $288 on strong blue “Go” bars. Right after that last higher high, we saw a Go Countertrend Correction Icon (red arrow), indicating that price may struggle to go higher in the short term. Indeed we saw GoNoGo Trend sprinkle in several weaker aqua “Go” bars as GoNoGo Oscillator briefly dipped into negative territory. The trend indicator even painted some amber “Go Fish” bars as the market was uncertain about the health of the trend. GoNoGo Oscillator was able to rally back to the zero line and GoNoGo Trend is once again painting aqua “Go” bars as price moves higher, testing resistance from early May. With GoNoGo Oscillator breaking out of a Max GoNoGo Squeeze into positive territory, we see signs of Go Trend Continuation (green circle) and know that momentum is now resurgent in the direction of the “Go” trend. We will look for price to make an attempt to climb to new higher highs in the coming days.
