$VST has been in a “Go” trend since September 12th.
After a few higher highs we saw a final high October 7th on strong blue bars. Following this, a Go Countertrend Correction Icon (red arrow) indicated that price may struggle to go higher in the short term. Since then, price moved mostly sideways and GoNoGo Trend painted a majority of weaker aqua bars indicating the trend weakness. GoNoGo Oscillator fell to test the zero line from above and we saw a Max GoNoGo Squeeze showing a lack of directional momentum. Even though the Squeeze was broken into negative territory the oscillator has quickly recovered positive territory and volume has increased. GoNoGo Trend paints strong blue “Go” bars again as price makes a run at new highs. With momentum resurgent in the direction of the “Go” trend we will watch to see if this gives price the push it needs to climb above resistance.
