$BSX has been in a strong “Go” trend since November of last year.
After a series of higher highs and higher lows, we have seen price move mostly sideways since the Go Countertrend Correction Icons (red arrows) we saw at the end of February. GoNoGo Trend painted a string of weaker aqua bars as price fell from the high and GoNoGo Oscillator fell to test the zero line from above for the first time. Since then, the oscillator has struggled to move clearly back into positive territory but has continued to be supported at zero. This has led to a clustering of Go Trend Continuation Icons (green circles) that indicate momentum has been able to remain on the side of the underlying “Go” trend. Now, as the oscillator moves further away from zero to a value of 2 after having found support again at zero, GoNoGo Trend is painting strong blue “Go” bars as price attacks the overhead resistance from prior highs. With momentum surging in the direction of the “Go” trend, we will expect price to move higher from here.
