$BDX has been in a “Go” trend since mid November.
Since then we have seen higher highs and higher lows as price has climbed close to $210. During that time, GoNoGo Oscillator has been at or above the zero line, confirming the “Go” trend that we have seen in the price panel. On the price chart we see Go Trend Continuation Icons (green circles) each time this happens. Most recently, as price has moved mostly sideways, we have seen a Max GoNoGo Squeeze, reflecting the virtual tug of war between buyers and sellers at this level. Now, with GoNoGo Oscillator breaking out of the Max GoNoGo Squeeze into positive territory we see GoNoGo Trend painting strong blue “Go” bars as price tries to challenge overhead resistance. With momentum resurgent in the direction of the trend, we will watch to see if this momentum boost will help price climb to new highs.
