At the beginning of June, $UBER saw momentum break through the zero level.
In short order, GoNoGo Trend painted an amber “Go Fish” bar, and then entered a “Go” trend with weak aqua bars. Strong blue bars followed, but we saw more weaker aqua bars as price consolidated mostly sideways. During this time, GoNoGo Oscillator fell to the zero level from above and we watched to see if support would be found. GoNoGo Oscillator rallied back quickly into positive territory and so we see a Go Trend Continuation Icon (green circle) under the price bar. We can now say that momentum is resurgent in the direction of the “Go” trend and so we will watch to see if this gives price the push it needs to break above resistance and make new highs.
