KB Home appears to have broken out of the “NoGo” trend it was engulfed in.
In mid July, the GoNoGo Oscillator broke above the zero line for the first time since the “NoGo” began and quickly found support at that level. The GoNoGo Trend indicator followed by painting several amber bars showing us that the trend conditions had improved to the extent that the indicator couldn’t maintain the NoGo colors. Most recently, with the oscillator once again finding support at the zero line, the GoNoGo Trend has strengthened, painting bright blue bars.
