After hitting a high on February 23rd, $PWR has corrected against the “Go” trend for the last month.
While GoNoGo Trend has continued to paint “Go” bars, a mixture of weaker aqua and strong blue, we have seen GoNoGo Oscillator fall to the zero line during this time. As investors make up their minds with regard to future direction, the oscillator was stuck at the zero line for several bars, causing the climbing grid of GoNoGo Squeeze to rise to its max. The oscillator looks to have found support as it breaks out of the Max GoNoGo Squeeze into positive territory. This indicates that momentum is back on the side of the “Go” trend. We can look for price to make an attempt on a new high.