$WELL has been climbing out of a “NoGo” correction on a series of amber “Go Fish” bars.
During that run of uncertainty, GoNoGo Oscillator rallied to test the zero line from below and was able to break into positive territory and quickly found support when it re-tested that level. This boost in momentum has helped push price back into a “Go” trend close to prior highs. With new strong blue “Go” bars and momentum surging higher into positive territory we will watch to see if price can break above the overhead resistance we see on the chart.
