$WMT looks for a new high after signs of Go Trend Continuation.
After recovering from a “NoGo” correction that pushed price mostly sideways, we saw a new “Go” trend return early April. This came after GoNoGo Oscillator was able to break out of a GoNoGo Squeeze into positive territory. Since then, the oscillator has been at or above the zero line, confirming the new “Go” trend as it tries to edge higher. Most recently, after price was turned away by overhead horizontal resistance from a prior high, we see GoNoGo Oscillator fell to test the zero line again. It has found support at that level, bouncing back into positive territory. This triggered a Go Trend Continuation Icon (green circle) under the price bar in the panel above. With GoNoGo Trend again painting strength with a bright blue bar, and testing resistance, we will watch to see if this resurgent momentum in the direction of the “Go” trend will give price the push it needs to climb to a new higher high.
