BAC repeated test of $16.50 - potential breakout?

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$16.55 appears to be a critical level for the stock and a break of this level could see a sharp move higher in the short term. Patience is required and we would suggest a $16.60 entry for confirmation AFTER the FOMC statement. The stock is sitting above the 5/15/50 EMAs and yesterdays retracement was on low volume
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