$DELL has been in a “Go” trend since late February.
Since then, we have seen price move to a high of over $185 on higher highs and higher lows. During this strong price move, GoNoGo Oscillator has remained in positive territory showing momentum support for the “Go” trend. At the last higher high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, we then saw GoNoGo Trend paint weaker aqua bars as price fell from that high. GoNoGo Oscillator also fell to test the zero line from above where it found support. We have seen the oscillator re-test that level as GoNoGo Trend again paints strong blue “Go” bars. This has triggered a pair of Go Trend Continuation Icons (green circles) to appear under price. This tells us that momentum is resurgent in the direction of the “Go” trend and we will watch to see if this gives price the boost it needs to mount an attack on another higher high in the coming days and weeks.
