$SEDG sees trend continuation in “Go” trend

$SEDG sees trend continuation in “Go” trend

6

December 2022

By

Alex Cole

$SEDG signals Go Trend Continuation.

After rallying sharply in early November, Go Countertrend Correction Icons (red arrows) suggested that price may start to struggle to move higher and that is what happened as price consolidated mostly sideways for a few weeks.  This stalling price action caused GoNoGo Oscillator to fall to the zero line line from above where it has quickly found support.  Rebounding into positive territory suggests that momentum is again resurgent in the direction of the "Go" trend. Look for price to establish itself at new highs.