$TRMB Looks For New High in “Go” Trend

$TRMB entered a “Go” trend in late July.

Price raced to a new high on mostly strong blue “Go” bars. However, price fell away from the high and GoNoGo Trend painted weaker aqua bars as the trend showed early weakness. GoNoGo Oscillator during this time fell to test the zero line from above and we saw it hug that level for a few bars as we saw a small GoNoGo Squeeze develop.  With GoNoGo Trend again painting strong blue “Go” bars and testing prior highs, we see GoNoGo Oscillator breaking out of the Squeeze into positive territory.  This tells us that momentum is once again resurgent in the direction of the “Go” trend and we see a Go Trend Continuation Icon (green circle).  We will watch to see if this boost in momentum is enough to push price to a new higher high in the coming days.