$AEP has been in a “Go” trend since late January.
Since then we have seen it make a series of higher highs and higher lows. During that time, GoNoGo Oscillator has been at or above the zero line, each time finding support at that level. Most recently, after a new high we saw momentum wane, and a Go Countertrend Correction Icon (red arrow) indicated that price may struggle to go higher in the short term. As GoNoGo Trend showed weakness with paler aqua bars, GoNoGo Oscillator fell to test the zero once more. It will be important to watch to see if the oscillator finds support again, and with heavy current volume, should it rally back into positive territory that would give signs of Go Trend Continuation. With momentum resurgent in the direction of the “Go” trend, we would look to see if this helps push price to new highs.
