Brookline Bancorp Inc is exhibiting a max GoNoGo Squeeze.
At the end of August, the GoNoGo Oscillator was able to break above the resistance at the zero line and enter positive territory on heavy volume. A weak, aqua “Go” trend was identified and then the GoNoGo Trend painted a series of amber “Go Fish” bars before finally settling into the stronger blue “Go” colors. During this time, the GoNoGo Oscillator has been riding the zero line where we will look to see if it can find support. If it can rally into positive territory, breaking out of the squeeze to the upside then we will expect price to rally and set a new higher high.
