$GOOGL has been in a “Go” trend since October of ’24.
Since then, we have seen a series of higher highs and higher lows. After the most recent higher high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. GoNoGo Trend painted several weaker aqua bars as the trend lost its strength and price has moved mostly sideways since. During the “Go” trend so far, GoNoGo Oscillator has remained mostly at or above the zero line, finding support there several times. Recently as price has fallen from its recent high, the oscillator has fallen to test the zero line again, where after a few bars of riding that level, it has rallied back into positive territory. Now, with momentum positive and GoNoGo Trend painting strong blue “Go” bars, we can say that there is trend strength, and with momentum resurgent in the direction of the underlying trend, we will watch to see if this gives price the push it needs to go after another higher high.
