Bellring Brands has been consolidating sideways in the “Go” trend.
After a strong rally, momentum has tumbled causing the GoNoGo Oscillator to ride the zero line. This has triggered the climbing grid of the GoNoGo Squeeze to rise to its extreme. We will watch to see in which direction the GoNoGo Oscillator breaks out of the squeeze. Given that the current trend is a “Go”, the odds are slightly greater that it will find support at the zero line, and that we will see a green low risk trend re-entry icon.
