$SLB has entered a new “Go” trend.
This came after price failed to set a lower low in the previous “NoGo” and price gapped to test resistance for the first time on amber “Go Fish” bars of uncertainty. As this happened, GoNoGo Oscillator broke out of a Max GoNoGo Squeeze into positive territory lending support to the changing trend environment. As price fell back to test support, we see that GoNoGo Oscillator also found support at the zero line. Now, GoNoGo Trend is painting strong blue “Go” bars as momentum surges in the direction of the “Go” trend. With this strong boost in momentum we see a Go Trend Continuation Icon (green circle) and we will watch to see if this gives price the push it needs to climb above resistance to a new higher high in the coming days.
