octradr

Test of the financials

BATS:BAC   BANK AMER CORP
237 3 0
Bank of America is being tested right now and the battle is fierce. So far the support at 14.31 is holding but the bulls haven't been strong enough to break out of the upper EMA's. We need a big effort soon if this is going to soar higher. If you feel bullish about the financial industry right now may be a good entry point, but if you are bearish wait for support to fail and then get in. This day is not over so the last candle may change before closing. Happy trading!
octradr
3 years ago
It looks like it is going to close below support. Good short opportunity if it can't hold the line today.
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octradr
3 years ago
It is testing the old support line as resistance. This may be the last good time to short.
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octradr
3 years ago
It's just bouncing around my support line. I think a move up is in the future. 9/13/13
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