$CPT has been in a “Go” trend since late April.
After making a series of higher highs and higher lows, we see that price has been moving mostly sideways for a few weeks. GoNoGo Trend has painted several weaker aqua bars during this time. GoNoGo Oscillator fell to the zero line and was unable to move away from that level for some time. With each bar it remained at zero, we saw the climbing grid of GoNoGo Squeeze rise until it hit a Max. This informs us of the lack of directional pull, the tug of war between buyers and sellers at this level. Now, we see the GoNoGo Squeeze has been broken to the upside, and we can say that momentum is resurgent in the direction of the underlying “Go” trend. With GoNoGo Trend painting strong blue bars again as price tests resistance, we will look for this increased positive momentum to give price the push it needs to set a new higher high.
