$BEN bull flag? momentum on side of “Go” trend

$BEN bull flag? momentum on side of “Go” trend

2

December 2022

By

Alex Cole

$BEN has been correcting against the "Go" trend since mid November.

After a strong and fast move higher at the beginning of this "Go" trend, price has struggled to make gains since the Go Countertrend Correction Icon (red arrow).  This has caused GoNoGo Oscillator to fall and test the zero line where it has quickly found support.  This tells us that momentum is surging again in the direction of the "Go" trend.  As price breaks out of the bull flag, look for a new high.