$BUD breaks out of extended Max GoNoGo Squeeze to the downside

$BUD breaks out of extended Max GoNoGo Squeeze to the downside

3

May 2023

By

Alex Cole

After hitting a high at the end of March, $BUD price has failed to go higher.

Still in a “Go” trend but painting weaker aqua bars, price has made a second slightly lower high and then corrected lower again.  During this attempt at a second high, the GoNoGo Oscillator was unable to break free of the zero line and so we saw a max GoNoGo Squeeze build.  The most recent bar has seen the oscillator break out of the Max GoNoGo Squeeze into negative territory which could be a sign of further downside for price.  We will watch to see if a “NoGo” ensues.

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