Lions Gate Entertainment Corp is seeing momentum return in the direction of the “Go” trend.
In early September, after a lengthy “NoGo” move, GoNoGo Oscillator broke above the zero line. Since then it has found support at that level and GoNoGo Trend was able to identify a new “Go” trend. Now, GoNoGo Trend is painting strong blue “Go” bars and GoNoGo Oscillator is once again finding support at the zero line and rallying into positive territory, indicating that momentum has returned in the direction of the “Go” trend after a period of sideways consolidation. Look for price to set a new high.
