$VTR entered a “Go” trend at the end of April.
Since then, we have seen a series of higher highs and higher lows as the uptrend made gains. At the beginning of June, price made another higher high but since then has moved mostly sideways. GoNoGo Oscillator fell to test the zero line from above and since mid month has been bouncing off that level back into positive territory. This is a good sign for the bulls as it shows momentum remaining on the side of the underlying “Go” trend. Now, GoNoGo Trend paints a strong blue “Go” bar as price makes an attempt at higher highs. GoNoGo Oscillator has rallied off zero into positive territory and on heavy volume. A Go Trend Continuation Icon (green circle) has appeared under the price bar telling us that momentum is resurgent in the direction of the “Go” trend. With momentum support, we look for price to move higher.
