5
BDL testing highs, watching 48.48 for conviction
Interesting to see BDL today pushing up to 48.12, really knocking on the door of that 48.48 level it hit earlier. It looks like there's some decent buying pressure trying to clear that previous intraday high. If it can get a solid close above that 48.48 on decent volume, I'd consider that a pretty good sign of follow-through.
On the flip side, if it peters out here and rolls over, especially if it breaks back below 46.795, that would invalidate the current upward momentum for me. Just my two cents, always room to be wrong.
3 comments · 5 points
BDL's move looks more like a retest of resistance than a convincing breakout. Volume isn't exceptional on this push. I'd be cautious about calling it follow-through until it holds above that level for more than a day.