Amitamit2000
Long

BBL - looking for a long play.

NYSE:BBL   BHP GROUP PLC SPON ADS EACH REP 2 ORD SHS
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The main trend – consolidation.
We can see a begin of an uptrend, looks like we have a strong resistance line at 48.5 area is forming a bull flag (triangle one).
As said before, a critical point at 48.5 level.
If we see a breakout, a supporter OBV and an appropriate RSI
It is possible to examine an entery to a Long play after receiving a confirmation candle.
(following it closly cause if there is no volume coming in, it might turn into a short play, once again,after receiving a confirmation candle to the down side )
this is not a recommendation, goodluck.
אין באמור המלצה לקנות/למכור
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its still relevant.
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