pxzib2

2022 will not be a good year for Bank of America

Short
NYSE:BAC   Bank of America Corporation
I know nothing about this bank, I have never traded this stock, and I have never used their products. The recent outages this weekend that made headlines made me curious enough to look at the graph.

That being said...
MACD is not only declining, but it's also back to where it was before the IT bubble popped in the late 90's. It has simply gained way too much in too short of a time frame.
I suspect it's going to print a head and shoulders pattern. And if it does, I see a much larger breakdown in the following years and return to 2015 levels again.