$GE has been in a “Go” trend since the beginning of May.
We have seen a series of higher highs and higher lows that pushed price up over $281. Since that last high, we saw price struggle to move higher and GoNoGo Trend painted a string of weaker aqua bars as it settled into sideways movement. We even saw GoNoGo Oscillator move below the zero line into negative territory telling us that momentum was no longer confirming the “Go” trend. However, in the last few days we saw the oscillator challenge that level from below and burst back into positive territory. This triggered Go Trend Continuation Icons (green circles) under the price bars as GoNoGo Trend agains paints strength. With momentum resurgent in the direction of the underlying “Go” trend, we will watch to see if price can kick on to a new higher high in the coming days.
