Standard Lithium Ltd has rallied strongly, causing GoNoGo Trend to first paint a couple of amber “Go Fish” bars and then an aqua “Go” bar on the last session.
GoNoGo Oscillator tipped us off to this, breaking cleanly through the zero line and now showing that volume is heavier than usual as the line turns from aqua to dark blue. We would like to see price consolidate, and the oscillator to stay above zero. If GoNoGo Trend strengthens to bright blue bars we can look for price to challenge the 8 dollar level.
