Westlake Chemical Partners LP sees momentum return in direction of “Go” trend.
After breaking out of a max GoNoGo Squeeze in late December, pride surged to set a new swing high as the GoNoGo Trend climbed out of the “NoGo”. After first painting a couple of amber “Go Fish” bars, a “Go” trend was identified on heavy volume. Now after retreating from the high as investors digest gains, GoNoGo Oscillator has fallen to the zero line where it has quickly found support. Look for price to move higher from and attempt a new high.
