$PLD Looks for New High in “Go” Trend

$PLD has been in a “Go” trend since the middle of April.

This came after price recovered from a “NoGo” correction it had been in that pushed price down to almost $27. After initially climbing quickly to a new high over $145, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term.  Indeed, price fell from there and GoNoGo Trend painted a majority of weaker aqua “Go” bars.  During this time, GoNoGo Oscillator fell to test the zero line from above and we saw a Max GoNoGo Squeeze build, reflecting the virtual tug of war between buyers and sellers at this level.  Ultimately, the Squeeze has been broken by the Oscillator moving into positive territory and we see GoNoGo Trend again painting strong blue bars as price challenges resistance in an attempt to set a new higher high.  With signs of Go Trend Continuation (green circle) we will watch to see if this resurgent momentum in the direction of the “Go” trend gives price the push it needs to climb to a new high in the coming days.