AnnabelleTrader
Short

I Am Shorting: $BAC As It Nears 7 Year High Pivot

NYSE:BAC   BANK OF AMERICA CORP
105 0 3
Shares of Bank of America Corp (NYSE:BAC) are less than 5% away from their 7 year highs and I am going to short. The reasoning is simple. As Bank of America currently trades at $19.02, the high from April             2012 is $20.00. It is likely that as early as today the stock will tag that double top pivot . Being the highest level since the financial crisis, investors will likely sell it. I plan to take advantage of it and short the stock. This is a high reward, low risk trade with a pull back likely to $17.85.

Follow my verified trading performance and view my history of trades here: https://verifiedinvesting.com/AnnabelleTrader
United States
United Kingdom
India
Deutschland
España
France
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out