$LH has been in a “Go” trend since early July.
After hitting a high in early August, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, price fell from that high and GoNoGo Trend painted weaker aqua bars. GoNoGo Oscillator fell to test the zero line where it remained. This showed a struggle between the buyers and sellers at this level. With no directional winner, GoNoGo Oscillator remained at zero leading to an extended Max GoNoGo Squeeze. Now, with GoNoGo Trend once again painting strong blue “Go” bars, GoNoGo Oscillator has broken out of the Max GoNoGo Squeeze into positive territory. With momentum resurgent in the direction of the “Go” trend, we see a Go Trend Continuation Icon (green circle) under the price bar, and we will watch to see if price can make an attempt at new higher highs in the coming days.
