GoNoGo Charts sees bullish move for BW
This is a great chart! Babcock and Wilcox Enterprises exploded into a “Go” trend on the 11th of May after having been hit really hard by the bear market we’ve been in.
Price consolidated in a pennant pattern after the initial move but looks to have broken out of the pattern to the upside. It is encouraging that on the break, the GoNoGo Trend indicator has painted its first bright blue bar indicating the most bullish environment for the stock.
Price consolidated in a pennant pattern after the initial move but looks to have broken out of the pattern to the upside. It is encouraging that on the break, the GoNoGo Trend indicator has painted its first bright blue bar indicating the most bullish environment for the stock.
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