$NEE fell out of its “Go” trend in mid June.
Since then, price has meandered sideways in a “NoGo” trend that was not able to make a new lower low. Before the middle of July, GoNoGo Oscillator was able to break back above the zero line and has been able to stay at or above that level since. A week ago, the oscillator broke out of a GoNoGo Squeeze into positive territory again and we saw a new “Go” trend emerge with the indicator painting weak aqua bars. GoNoGo Oscillator has repeatedly found quick support at zero since, and GoNoGo Trend painted a first strong blue “Go” bar on this last bar. With the trend now a strong “Go”, and momentum resurgent in the direction of this new trend, we will look for price to consolidate at new higher highs.
