DLocal Limited is currently in a max GoNoGo Squeeze.
Price has rallied off the January lows and put in a higher high and higher low. As GoNoGo Oscillator broke above the zero line we saw GoNoGo Trend start to paint a mixture of colors having been in a solid “NoGo” until that point. After several amber “Go Fish” and aqua “Go” bars we now see the indicator painting strong blue “Go” bars. With momentum neither overbought or oversold, GoNoGo Oscillator has been stuck at the zero line for several bars causing the climbing grid of the GoNoGo Squeeze to build to its max. If the “Go” trend persists we will see the Squeeze broken to the upside and then we will look for price to set another higher high, with targets being first $37 (from pattern resistance) and second $45 (from potentially filling the gap).
