$VTRS has been in a new “Go” trend since earlier this month.
Price set a new high as it entered the new trend and we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, we saw price fall from that high and GoNoGo Trend painted a majority of weaker aqua bars. Consequently, GoNoGo Oscillator fell to test the zero line from above and so far it has been finding support at that level. This tells us that momentum remains on the side of the “Go” trend. Each time it rallies back into positive territory we know that momentum is resurgent in the direction of the “Go” trend. We will watch to see if price can climb and set a new higher high in the coming days.
