$HLT has been in a “Go” trend for about a month.
Since it emerged from the “NoGo” correction price has climbed to new highs. However, on the last high, we saw a Go Countertrend Correction Icon (red circle) indicating that price may struggle to go higher in the short term. Indeed, after that, GoNoGo Trend painted some weaker aqua bars and price moved mostly sideways as price consolidated at or above March highs. GoNoGo Oscillator fell to test the zero level from above and we see that it has found support. This tells us that momentum is resurgent in the direction of the “Go” trend. This enthusiasm is already on display as we see price breaking above horizontal resistance and making another higher high. With momentum on the side of the underlying “Go” trend, we will look for price to climb from here.
