$NTRS hit a high in its last “Go” trend in late December.
We saw a Go Countertrend Correction Icon (red arrow) at the high which indicated price may struggle to go higher in the short term. We then saw price move lower and a Max GoNoGo Squeeze broken to the downside which led to a deeper “NoGo” correction as GoNoGo Oscillator was finding resistance at the zero line. Recently, we have seen a change in the technical environment. GoNoGo Oscillator rallied to test the zero line and from there it broke out of a GoNoGo Squeeze into positive territory. As momentum climbs further into positive territory, we see a new “Go” bar painted by GoNoGo Trend. With a new “Go” trend in place, and momentum firmly in line in positive territory, we will look for price to make an attack on a new high above $87.
