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BMby u/btc_maxi_dan·1moAnalysis

$BDL: Watching the 48.50 resistance

I'm keeping an eye on $BDL here. It's pushing up against that 48.50 area today, which has been a pretty solid ceiling for a bit. If we get a clear break and hold above that, it could see a leg higher. But if it rejects hard again from there, I'd expect it to consolidate or even pull back towards the 47 handle. It’s been choppy in this range, so a clean move either way is what I'm looking for.

1 comments · 3 points

1 Comments

CHu/chrislee·1mo

48.50 has been a wall for a while. Not sure I see it breaking without some significant news, otherwise it's just more chop around 47-48. What's your catalyst for a 'clear break'?

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