$TPR Setting up for New High?

$TPR Setting up for New High?

17

December 2024

By

Alex Cole

$TPR has been in a “Go” trend since the beginning of September.

Recently, after the last higher high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term.  We then saw price fall from that high and GoNoGo Trend paint several weaker aqua bars.  During this time, GoNoGo Oscillator fell to test the zero line from above where it rested for a few bars.  Having rallied off that level back into positive territory we know that momentum is once again resurgent in the direction of the “Go” trend.  This coincides with GoNoGo Trend painting bright blue “Go” bars as price looks to challenge for new highs.  We will look to see if price can continue to climb from here in the upcoming days and weeks.

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