Hilton Grand vacations Inc has consolidated sideways since highs in late September.
These highs were flagged by Go Countertrend Correction red arrows, signaling that the trend may be in for a short term struggle. The ensuing consolidation caused the GoNoGo Oscillator to fall to and ride the zero line and we have seen the climbing grid of GoNoGo Squeeze rise to its extreme. We will watch to see if the oscillator can break out of the squeeze to the upside which would be an indication that momentum is returning in the direction of the “Go” trend. If this happens, expect price to mount an attack on those prior highs.
