Is BAC a buy or a sell here at $15? It was a short sale at $15.50 and targeted to cover at $14.50.
Note all of the key levels that BAC has reacted to over time: TradingView software automatically draws these levels so you can see where to expect a market reaction. Now you no longer have to speculate on Earnings Release Dates, rather, you can wait until after earnings and lean against "key levels".
Tim 15.05 last BAC 8/8/2014 10:52AM EST
Comments
alvnngyn
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Looks like the shorts got squeezed out
timwest
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Indeed. I'm glad the lines at least still provided some useful areas to expect market reactions.
BLUEmind-trader
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what is a Key level or those green triangles?
timwest
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The green lines are the key levels.
timwest
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The green triangles are the price action around the earnings release date. They represent the key price levels where the stock traded before, during and after earnings. The green line is a reminder line that extends 6 months beyond the earnings release date to show you where the market will likely react. I have a package of subscription scripts that will draw the triangles and lines for you automatically. Check in the "Marketplace Add-Ons" section. Powerful levels to know about and to set stops and entries.