$MDT has been in a “Go” trend since mid January.
The end of last year saw GoNoGo Trend paint a “NoGo” trend which lasted a couple of months into the middle of January. During that time, we saw price fall through lower lows and lower highs. After the last lower low, GoNoGo Oscillator rose to test the zero line from below where after being rejected once it broke through into positive territory. That was a sign that momentum was out of step with the “NoGo” trend and it was then not a surprise when GoNoGo Trend was able to move through a couple of “Go Fish” bars to paint “Go” colors. Since that trend change, GoNoGo Oscillator tested the zero line and we saw a GoNoGo Squeeze build. This is now being broken into positive territory. With momentum resurgent in the direction of the “Go” trend, we will watch to see if this gives price the push it needs to climb to a new higher high.
