$BLDR has been in a “Go” trend since July.
In September, we saw a new higher high that was followed quickly by a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, since then we saw price move mostly sideways and GoNoGo Trend paint a majority of weaker aqua bars. During that time, GoNoGo Oscillator fell to test the zero line from above where we watched to see if it would find support. It got stuck at that level, as a virtual tug of war played out between buyers and sellers. We saw the climbing grid of GoNoGo Squeeze rise to its Max and it became important to watch for the direction of the break out of the extended Max Squeeze. GoNoGo Oscillator has broken out of the Max GoNoGo Squeeze into positive territory and GoNoGo Trend is once again painting strong blue bars. With momentum resurgent in the direction of the “Go” trend we see a Go Trend Continuation Icon (green circle) and we will watch to see if this gives price the push it needs to climb to new highs.
