$GM has entered a new “Go” trend with an aqua bar.
Since hitting a high at the end of November, price fell lower and we saw a “NoGo” trend take shape and bring prices lower through a series of lower lows and lower highs. We then saw GoNoGo Oscillator struggle with the zero line before finally breaking back into positive territory. We can see that price is still some distance from its November high but with momentum now surging back into positive territory and a new “Go” bar we will watch to see if this gives price a push to make a run at new highs.
