$EPAM has been in a “Go” trend since early November.
Price gapped higher and out of the “NoGo” and we saw a transitionary amber “Go Fish” bar before the “Go” trend took hold. Since then, price has moved mostly sideways but with higher lows as GoNoGo Oscillator has found support repeatedly at the zero line. This tells us that momentum has remained in line with the underlying “Go” trend. Most recently, we saw the oscillator bounce off the zero line once again indicating that momentum was resurgent in the direction of the “Go” trend. This triggered a Go Trend Continuation Icon (green circle) as GoNoGo Trend paints stronger blue bars and price breaks above horizontal resistance. We will watch to see if price can consolidate at these elevated levels and climb from here.
