Brookfield Renewable Partners has been consolidating sideways in a “Go” trend after a strong rally that started late February.
During the sideways movement, prices have shown enough weakness for the GoNoGo Trend to paint aqua bars during the right half of the pattern. GoNoGo Oscillator has found support at the zero line which is a good sign and we have seen multiple Go Trend Continuation green circles as the pattern has developed. This last icon sees price push slightly higher than the horizontal channel resistance and if price can consolidate above that level we will look for a new high and a new leg higher in the “Go” trend.
