Waste Connections Inc has been consolidating sideways since enjoying a strong rally that started in early March.
The “Go” trend that started in March has been strong. We see uninterrupted Go bars and the GoNoGo Oscillator has been above zero the entire time. Most recently, we’ve seen price correction moving sideways and slightly lower against the trend. This price action has caused the GoNoGo Oscillator to fall to zero and then ride the zero line. This shows a reduced volatility and a lack of enthusiastic buying in the stock. The climbing grid of the GoNoGo Squeeze has risen and stayed at its extreme. We will look to see in which direction the GoNoGo Oscillator breaks out of the squeeze to determine the next direction of price.
