RE:☠️Warning -> BBD has now a hiccup attack at $1.50 !☠️Actually, it would be better to describe today's trading by noting that that the price was trading flat/slightly down and then jumped to a $1.50 by a volume of about 1.5m and has held. Relatively speaking, that is a small volume for a 2% jump.
It seems that there is no counter attack to push the price back down. It makes me wonder how much of the "wall" at $1.50 is real and how many of those computer automated sell orders would be withdrawn if there was a sustained purchase volume.
The nature of trading now seems to favour the longs. All we need is for movement from the sidelines and the resistance will melt away.