$BRO has been in a “Go” trend since late last month.
After rallying from the low mid May we saw GoNoGo Oscillator break out of a Max GoNoGo Squeeze into positive territory. This change in momentum led to a change in trend and after some “Go Fish” bars of uncertainty we saw “Go” bars take over. After racing higher, price struggled with overhead resistance and moved mostly sideways. GoNoGo Oscillator fell to test the zero line from above. After a little wobble, the oscillator recovered and has moved back into positive territory. This renewed momentum in the direction of the “Go” trend has triggered a Go Trend Continuation Icon (green circle) as price paints a new bright blue bar at resistance levels. With this boost in momentum, we will watch to see if price gets the push it needs to climb above resistance and set a new higher high in the coming days.
