$GOOGL has been in a “Go” trend since early October.
During that time we have seen a series of higher highs and higher lows as GoNoGo Oscillator has primarily stayed at or above the zero line. After hitting a new higher high at the end of the year, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term. Indeed, since then, we have seen price move mostly sideways and GoNoGo Trend has painted many weaker aqua bars. Now, GoNoGo Trend is painting strong blue bars again as price tries to consolidate at these higher levels. GoNoGo Oscillator has bounced back into positive territory showing resurgence in the direction of the trend. We will watch to see if this Go Trend Continuation (green circle) gives price the push it needs to make new higher highs.
