$CSTL Castle Biosciences rests in “Go” trend

$CSTL Castle Biosciences rests in “Go” trend


August 2022


Alex Cole

$CSTL sees momentum pause while in a "Go" trend.

After rising into a "Go" trend at the end of June, Castle Biosciences has seen the "Go" trend strengthen as we have seen a series of higher highs and higher lows.  During this time, GoNoGo Oscillator has been in positive territory supported by the zero line as we know it should if the trend is healthy.  We have seen Go Trend Continuation icons (green circles) that have suggested low risk opportunities to participate in the trend.  Now, as price pauses and consolidates mostly sideways, GoNoGo Oscillator has fallen to the zero line where it has stayed causing the grid of the GoNoGo Squeeze to climb to its max.  We will watch to see if the squeeze is broken to the upside in which case we will see another Go Trend Continuation icon.