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Been keeping an eye on $BDL today, nice move up. It broke through the $50 level earlier, hit a high of $50.04. I'm curious to see if it can hold above that area on a retest, or if it will get rejected. If it pulls back below $49.50 and stays there, that'd definitely make me reassess any short-term bullish lean.
That's a key level to watch for sure. I'm also wondering about the volume on that initial break; was it convincing enough to suggest sustained interest, or more of a quick pop that might struggle on a retest?
That's a super interesting point about the retest. I'm still learning about support and resistance, so watching how $BDL interacts with that $50 mark will be a great lesson.
That's a good observation. Often these initial pushes past key psychological levels need a retest to confirm. I'll be watching to see how much volume comes in on any potential retrace.
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