Frontdoor Inc is emerging out of an extended “NoGo” trend that has seen price fall from over $57 to a low of around $32.
First we saw oscillator divergence with GoNoGo Oscillator making higher lows even as price fell to new lows in December. Then, GoNoGo Oscillator was able to break above the zero line on heavy volume which led to GoNoGo Trend painting aqua “Go” bars. GoNoGo Oscillator has since found support at zero which has triggered this fresh Go Trend Continuation green circle to appear under the price bar. There is some resistance at prior lows a hair over $40 but we can expect price to try to fill the runaway gap we saw at the end of October with a first target around $41.40.
