$DELL has been stuck in a period of sideways price action for several weeks.
After price gapped higher at the end of May, we saw one more higher high. Following that we saw a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term. Indeed, we saw a lot of weaker aqua bars as price looked to hold support. GoNoGo Oscillator fell into an extended Max GoNoGo Squeeze during this time. After a brief foray into negative territory we see that momentum is once again positive and this comes as GoNoGo Trend paints another strong blue “Go” bar with price having found support at the lower bound of the channel. With price looking to break to new highs, we will watch to see if this momentum boost gives price enough of a push for it to move above the channel.
