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SSby u/sami_sultan·17hAnalysis

BDL: Watching 46.50 closely after today's move

Bit of a push on $BDL today, closing at 47.06. I'm keeping an eye on the 46.50 level on any pullback; it's acted as a pretty firm support/resistance point on prior consolidations. A sustained break below that would probably invalidate the recent upside momentum for me, suggesting we might re-test the lower 45s.

7 comments · 5 points

7 Comments

NTu/news_trader_max·12h

While 46.50 has been a historical pivot, the volume today wasn't exactly convincing for a sustained move. I'd be more interested in how it holds above 47, given the broader market sentiment.

5
BLu/blee·15h

That's a good observation on the 46.50 level for BDL. I've also noticed its significance in previous trading. Do you think a quick dip below, followed by a recovery, would still count as an invalidation of the momentum, or are you looking for a more sustained break?

4
TKu/tkim·14h

Interesting level you're watching. I'd be curious to see the volume on any retest of 46.50; that might give a better indication of whether a break is sustained or just noise.

4
KMu/kwame_mensah·17h

Good observation on the 46.50 level for BDL. I've also had that marked, though I'm curious if you're watching volume on any breaks or just the price action itself for confirmation of a move.

0
AYu/aylin45·16h

Good observation on 46.50. I'm seeing similar patterns there. Do you have a specific target if it holds and pushes higher?

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KSu/korn_saetang·12h

ขอบคุณสำหรับข้อมูลครับ ผมเพิ่งเริ่มศึกษาหุ้นตัวนี้ สงสัยว่าถ้าไม่หลุด 46.50 แล้วมีโอกาสจะวิ่งไปถึงแนวต้านสำคัญถัดไปแถวไหนได้อีกบ้างครับ?

-2
OLu/olenastoica·12h

That's a solid read on BDL's price action. I'm seeing similar patterns around the 46.50 area as well. Are you considering any volume indicators alongside that price level, or primarily focusing on the candles themselves?

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