$EXC re-entered a “Go” trend at the middle of this month.
We first saw GoNoGo Oscillator break out of a GoNoGo Squeeze into positive territory after price had rallied from mid December lows. GoNoGo Oscillator quickly retested and found support at that level and we saw a new “Go” trend as price pushed up against prior high resistance. After being unable to break through that level, price fell from its high and GoNoGo Oscillator fell to test the zero line again. Finding support again, and this time with heavy volume, we see that momentum is resurgent in the direction of the “Go” trend and we see a Go Trend Continuation Icon (green circle) under price as GoNoGo Trend paints strong blue bars. We will watch to see if this gives price the push it needs to finally break through resistance.
