GoNoGo Trend paints new “Go” bar for $GPC.
After months of a destructive “NoGo” trend that has seen lower lows and lower highs, an aqua bar is painted after a first higher low. GoNoGo Oscillator has also moved back above the zero line and volume is heavy. This tells us that momentum is resurgent in the direction of the new “Go” trend. We will watch to see if price can set a new higher high with the new positive momentum. If it does, then it will have broken above the horizontal resistance that you can see on the chart. A good target would be the prior high at $150.
