Unitil Corp emerged out of the “NoGo” trend that it was in earlier this month.
A GoNoGo Oscillator break above the zero line on heavy volume was quickly followed by a change in trend environment to “Go”. Having jumped to new swing highs, the oscillator retreated to the zero line as price consolidated. Now, GoNoGo Oscillator has found support at the zero line telling us that momentum is again in the direction of the “Go” trend.
