Arcos Dorados Holdings Inc, looks to be breaking out of a bull flag.
After finally breaking free of the “NoGo” that dominated for the last few months price seems to have emerged from a consolidation against the new “Go” trend. GoNoGo Oscillator rode the zero line causing a max squeeze grid to build which was broken (first briefly to the downside, and now into positive territory). With momentum now on the side of the “Go” trend a measured move from the break out would put price at resistance levels we see from prior highs. With this recent oscillator break of the zero line we also see a Go Trend continuation icon (green circle) under the most recent price bar.
