$NEE has seen price moving mostly sideways since mid June.
After a Go Countertrend Correction Icon (red arrow) at the last high at the end of May, we saw price fall and the GoNoGo Trend indicator fall out of “Go” colors and has painted “NoGo” and “Go Fish” since. During that time, GoNoGo Oscillator has been struggling to find its direction. Most recently, we saw GoNoGo Oscillator in a Max GoNoGo Squeeze. The oscillator has broken out of the Squeeze into positive territory as GoNoGo Trend has identified a fresh new “Go” bar. This tells us that momentum is surging in the direction of the new “Go” trend. We will watch to see if this gives price the push it needs to climb to a new high.
