BDL 6-month consolidation breakout to nw lifetime high

٣ مايو ٢٠٢٣

BDL (WEEKLY SCLAE) is braking out from a 6-month consolidation, & making new lifetime high. During the consolidation it took support on its 200 DMA as well as the AVWAP from its prior consolidation B/O during Feb’22. The momentum indicator, RSI, also entered the bull zone above 60. If the B/O sustains and volume expands the counter can see some good rally in the coming days.

Only personal analysis, and nor recommendation.