Consol Energy Inc looks poised to make an attack on prior highs.
With concerns around the world about control of natural gas, Consol Energy Inc sees its new “Go” trend supported by a return of momentum. Price broke above resistance as GoNoGo Oscillator broke out of a GoNoGo Squeeze in early February. Since then, hitting new resistance at the higher horizontal level, price fell back (signaled by the Red Countertrend Correction Arrow) and the oscillator hit the zero line again. This time it found support and price is painting strong blue “Go” bars as we are testing resistance again. We would like to see GoNoGo Oscillator stay in positive territory and price get above resistance and then we would look for a challenge of the October ’21 highs.
