$DRI has been in a “Go” trend on the weekly chart since late September.
Since then, it has had a lot of overhead resistance to battle through. Having made a couple of higher highs and higher lows we now see a very strong price bar and GoNoGo Trend continuing to paint bright blue “Go” bars. Since the beginning of the “Go” trend, and as price has fallen from each new high, GoNoGo Oscillator has found support at the zero line and stayed above that level. Now, we see it has bounced off zero again and this resurgent momentum in the direction of the “Go” trend has propelled price to new highs above resistance. We will watch to see if price can consolidate at these new higher levels as the trend continues.
