A Go trend for Ferroglobe has been in place since around $0.65. However, since early December price has struggled to make new highs, consolidating while staying in trend. Yesterday’s price action saw a break to the upside, obove resistance, as the GoNoGo Oscillator rallied off zero on heavy volume . This price movement has triggered a low risk trend continuation icon (green circle) to appear under the price bar.
By
Alex Cole
