$SLB Looks for New Higher High in “Go” Trend

$SLB has been in a new “Go” trend since earlier this month.

After rallying out of a “NoGo” correction we saw a higher intraday high on March 30th of almost $55.  At that 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.  Indeed, price fell from that high and we saw GoNoGo Trend even paint a few amber “Go Fish” bars of uncertainty. GoNoGo Oscillator fell to test the zero line and found support as GoNoGo Trend showed a mix of aqua and strong blue “Go” bars.  Now, with GoNoGo Oscillator breaking out of a Max GoNoGo Squeeze back into positive territory we see price rallying to challenge overhead resistance from prior highs.  With momentum resurgent in the direction of the “Go” trend we see signs of Go Trend Continuation (green circle).  We will watch to see if this gives price the push it needs to climb to a higher high over the coming days.