Bluegreen Vacations Holding Corp price may fall further as the “NoGo” trend is in place and we see a NoGo Trend Continuation red circle above the price bar.
After falling into a “NoGo’ in the middle of January GoNoGo Oscillator has rallied to test the zero line from below. It has been rejected and this indicates that momentum is returning in the direction of the “NoGo” trend. Currently consolidating in a sideways move, we’d expect this fresh injection of momentum to the downside to give price the change to set a new low below $28.
