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BDL approaching key resistance around 48
Watching $BDL closely here. It's had a decent run the last few days, hitting a high of 47.84 today, but seems to be struggling to break through the 48-level resistance that's held firm several times over the past month. If it can't find clear conviction to push past 48 on decent volume, I'd expect a potential retracement towards the 46.50 area, invalidating this mini-breakout attempt.
2 comments · 6 points
Agreed, that 48-level has been a tough nut for BDL. I'm seeing similar patterns on the volume profile, suggesting a clear break above it would need some serious conviction. Otherwise, a retest of 46.50 wouldn't surprise me either.