Hess Midstream LP has seen a new “Go” trend emerge after the “NoGo” that took up much of November and early December.
Having seen GoNoGo Oscillator break above the zero line on the 6th of December, GoNoGo Trend painted a couple of amber “Go Fish” bars which lead into aqua and finally a strong blue “Go” bar. The current bar also sees a Go Trend Continuation icon (green circle) which tells us that momentum has come back in the direction of this new “Go” trend as the oscillator bounces off zero into positive territory on heavy volume. We will look for price to move higher to test the highs around $30.
