$KMX set highs in December ’24 that have so far proved hard to surpass.
After the Go Countertrend Correction Icon (red arrow) on December 10th, price fell from the highs and we saw GoNoGo Trend ultimately paint “NoGo” bars as price dropped to lower lows. We were warned ahead of time as GoNoGo Oscillator was unable to find support at zero in late December. However, after some time below zero, GoNoGo Oscillator broke back into positive territory and that led to GoNoGo Trend painting amber “Go Fish” bars representing uncertainty. With the Oscillator now finding support at zero, GoNoGo Trend recognized a new “Go” trend and price is back close to those December highs. With GoNoGo Oscillator again finding support at zero, we know that momentum is resurgent in the direction of the “Go” trend and so we will look to see if this gives price the push it needs to challenge for a new higher high in the coming days and weeks.
