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
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out