$BKNG makes new high in “Go” trend as momentum surges

$BKNG makes new high in “Go” trend as momentum surges


April 2023


Alex Cole

$BKNG has been in a “GO” trend since November of last year.

After the last high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term.  Price has since corrected from the high.  A couple of amber “Go Fish” bar showed uncertainty but price found support at prior lows.  GoNoGo Oscillator during this time fell to the zero line and it stayed there, telling us that we were seeing a tug of war between buyers and sellers.  A max GoNoGo Squeeze showed this reduced price volatility but it was recently broken to the upside.  We see a Go Trend Continuation Icon (green circle) under price and it has broken to new highs above resistance.