$TMO Trying to Break out of Sideways Range

$TMO Trying to Break out of Sideways Range

20

September 2024

By

Alex Cole

$TMO has been in a “Go” trend since the end of July.

Since moving out of the “NoGo”, through amber “Go Fish” and hitting new highs, price has moved mostly sideways.  During this time, GoNoGo Oscillator has found support at the zero line continuously bouncing off that level.  Now, with zero being tested again, we see the oscillator moving back into positive territory on heavy volume.  This has triggered another Go Trend Continuation Icon (green circle) under the price bar.  We will see if this gives price the push it needs to hit new higher highs.

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