ABM Industries Inc looks ready to break above resistance.
In mid-July, in the midst of a “NoGo” trend, the GoNoGo Oscillator was able to break above the zero line, for the first time in some time not seeing a resurgence of momentum to the downside. As price rallied, the GoNoGo Trend was unable to maintain the “NoGo” colors, painting amber “Go Fish” bars as well as the aqua and blue “Go” colors. Now, with this “Go” trend identified, the GoNoGo Oscillator is finding support at the zero line, giving low risk entry possibilities in the form of green Go Trend Continuation circles.
