$VZ has been in a “Go” trend since early February.
A month later, price had raced to a high over $47. However, price gapped lower after this surge and we saw a Go Countertrend Correction icon that indicated price may struggle to go higher in the short term. GoNoGo Trend painted a series of weaker aqua bars and GoNoGo Oscillator fell to test the zero line from above. The oscillator got stuck at that level and the tug of war between buyers and sellers was reflected in an extended Max GoNoGo Squeeze. Now, the Squeeze has been broken to the upside and GoNoGo Trend is painting strong blue bars again. With momentum resurgent in the direction of the “Go” trend we see a Go Trend Continuation Icon (green circle) and will look to see if price can rally to test prior highs.
