studentathlete
Short

BAC headed to 9.4

NYSE:BAC   BANK OF AMERICA CORP
BAC
57 1 2
bac
Wide trading range 18.8-14.1-9.4. So long as BAC             is below 14.1, bias towards 9.4.

Narrow trading range 14.1-11.75-9.4. Failed to hold top end of narrow range 14.1 (mid point of wider range), bias towards 11.75 (midpoint) and approaching midpoint of midpoint 12.93. Watch if 12.93 holds. If it does, expect a retest of 14.1 but must take out 13.515 (14.1-12.93 midpoint) first. Break below midpoint 11.75, bias towards 9.4.

My sense, headed to 9.4 because I doubt it can take out the strong down trend line at current levels.
BAC must take back 12.93 to relieve selling pressure or we'll see sell-off continue to 11.75.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out