$WMB has been in a “Go” trend since February.
We have seen a series of higher highs and higher lows with GoNoGo Oscillator primarily support by the zero line. After each Go Countertrend Correction Icon (red circle) following a higher high, we have seen price pause as is normal in a trend. At the last high, we saw a couple of Go Countertrend Correction Icons signaling that price may struggle to go higher in the short term. Indeed, price has moved mostly sideways since the highs, with GoNoGo Trend sprinkling in some weaker aqua bars. During that time, GoNoGo Oscillator fell to test the zero level and has been unable to move far from that level until now. With price painting a strong blue bar at prior high resistance, GoNoGo Oscillator is rallying into positive territory on heavy volume. With momentum resurgent in the direction of the “Go” trend, we will look for price to climb and set a new higher high.
