ethostrader

BANK OF AMERICA - Increased Probability of Appreciation

Long
ethostrader Updated   
BATS:BAC   Bank of America
BAC has the support of Fiboclouds for appreciation within the H4 timeframe, being sufficient to reach the first target and attempt the second, provided the stop loss is properly repositioned at the time of the first partial realization.

If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.

This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.

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Trade closed: target reached:
Bank of America - Intermediate Target Reached

Intermediate target reached, resulting in a partial appreciation of +8.52% over 18 consecutive trading sessions.

Action required: Move the stop loss up to 40.22, as outlined in our traditional risk management, and wait for the development towards the final target. This ensures the partial gain and exponentially reduces the risk of losses in this already successful and profitable trade.
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