$CFG Looks to challenge prior high from February.
$CFG has been in a “Go” trend since early April, after being able to climb out of a “NoGo” correction that lasted over a month. After hitting a new high on April 21st, we saw GoNoGo Oscillator fall to the zero line as investors tried to consolidate gains. With GoNoGo Oscillator stuck at zero we saw a Max GoNoGo Squeeze build, reflecting the virtual tug of war between buyers and sellers at this level. After a smattering of weaker aqua bars, we see that GoNoGo Trend is painting strong blue “Go” bars again, and GoNoGo Oscillator has broken out of the Squeeze into positive territory. With momentum resurgent in the direction of the “Go” trend we see a Go Trend Continuation Icon (green circle) under the price bar as price moves higher. We will watch to see if this boost in momentum will help price rise to challenge the February highs in the coming days and weeks.
