$CBRE has been in a “Go” trend since early December.
Prior to that we saw a “NoGo” correction that caused price to struggle for several months. Indeed, on a closing basis, we have only just eclipsed the highs from last September. We can see clearly on the chart the overhead resistance and price’s struggles to deal with it. Most recently however, we saw a strong price bar painted bright blue that has surged to a new higher close. This has come as GoNoGo Oscillator found support again at zero, bouncing back into positive territory, triggering a Go Trend Continuation Icon (green circle). This resurgent momentum in the direction of the “Go” trend is a confirmation of the price action. We will look for price to consolidate at these higher levels and use prior resistance as support going forward.
