$KR has been in a “Go” trend since early September.
We have seen a series of higher highs and higher lows since that time and GoNoGo Oscillator has been mostly supported by the zero line indicating that price and momentum are in line. Now, with price threatening to make a new higher high, GoNoGo Oscillator continues to find support at the zero line and volume is heavy. With GoNoGo Oscillator bouncing back into positive territory and GoNoGo Trend painting strong blue “Go” bars we will look to see if this gives price the push it needs to climb to a new higher high.
