$EXC is coming out of a long sideways “NoGo” correction.
We saw a fresh “Go” trend recognized just about a week ago. Toward the end of the “NoGo”, we saw GoNoGo Oscillator rally to and then above the zero line where it has repeatedly found support. This told us that momentum was out of step with the “NoGo” trend and there was upside pressure on price. After having established a “Go” trend, we saw price test overhead resistance and fall away. Importantly, we have seen GoNoGo Oscillator quickly find support at zero again, as GoNoGo Trend starts to paint strong blue “Go” bars. This has triggered a Go Trend Continuation Icon (green circle) under price. With momentum resurgent in the direction of the “Go” trend, we will watch to see if this gives price the push it needs to move to new higher highs.
