$BKR had been in a “Go” trend since last fall.
However, after a brief correction brought prices lower at the end of the year and in to a short lived “NoGo” trend. GoNoGo Oscillator had warned of this when it broke through the zero line into negative territory well ahead of the trend change from “Go” to “NoGo” in price panel above. The new year saw price recover and after GoNoGo oscillator recovered positive territory we saw a string of amber “Go Fish” bars of uncertainty before GoNoGo Trend was able to recognize a new “Go” trend. Now, having run up against resistance from prior highs, we see the oscillator breaking back above zero on heavy volume. We will watch to see if this gives price the push it needs to challenge for new highs in the coming days and weeks.
