$DDOG has been in a “Go” trend since mid September.
We have seen price climb since then until after Go Countertrend Correction Icons (red arrows) a month later indicated that price may struggle to go higher in the short term. Indeed, we then saw price move sideways with GoNoGo Trend painting a majority of weaker aqua bars. During this time, we saw the build up of an extended Max GoNoGo Squeeze reflecting the virtual tug of war between buyers and seller at that level. This Max Squeeze was broken into positive territory and GoNoGo Oscillator has retested and found support at zero on heavy volume. This surge in positive momentum in the direction of the “Go” trend gave price a boost as it gapped higher. We will look for the top of the gap to act as support going forward should it be needed as price ties to continue its climb.
