Steel Partners Holdings has entered a “Go” trend and sees momentum on its side as it tries to attack prior high.
As price runs up against resistance at $42 we see that GoNoGo Oscillator has found support at the zero line bouncing back into positive territory. The current bar shows the “Go” trend strengthening as it paints a strong blue “Go” bar as we see a Go Trend Continuation Icon (green circle) underneath. If GoNoGo Oscillator stays in positive territory we can look for price to set a new all time high above $42.