$DDOG has been in a “Go” trend since April.
We saw a runaway gap that kicked off an extended run that saw price climb to a high of almost $280 on a string of bright blue bars. Just after 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 and indeed we saw GoNoGo Oscillator fall to test the zero line from above while GoNoGo Trend painted mostly weaker aqua bars as price fell from the high. After a brief foray into negative territory GoNoGo Oscillator has emphatically regained positive territory as GoNoGo Trend once again paints strong blue bars. Price has found support and is climbing to challenge the prior high. With momentum resurgent in the direction of the trend we see a Go Trend Continuation Icon (green circle) and we will watch to see if this gives price the push it needs to set a new higher high in the coming days.
