$VRSK has been in a “Go” trend since early May.
Price hit a high late June and we saw Go Countertrend Correction Icons (red arrows) that indicated price may struggle to go higher in the short term. GoNoGo Trend then painted a series of weaker aqua bars, demonstrating weakness. GoNoGo Oscillator also fell to test the zero level from above and we see it found support quickly. At the same time, GoNoGo Trend has painted a strong blue bar showing trend strength. With momentum resurgent in the direction of the “Go” trend, we will look to see if price can make an attack on new highs.
