BAC, 23JAN21, 1D Time Frame, 1-2 weeks horizon.
BAC has been on a bull run the past few weeks where price action has been respecting the 21ema. At this current time, price is at the 21ema and about to touch the trendline and also at the 61.8% fib level. I anticipate a bounce from this area for another bullish move.
MACD lines pointing down but over all trend is up while the histogram shows lesser momentum on the last swing high (a sign of divergence or consolidation)
STOCHASTICS is pointing down but is currently at the oversold level. From here the only way to go is sideways or up.
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Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
BAC has been on a bull run the past few weeks where price action has been respecting the 21ema. At this current time, price is at the 21ema and about to touch the trendline and also at the 61.8% fib level. I anticipate a bounce from this area for another bullish move.
MACD lines pointing down but over all trend is up while the histogram shows lesser momentum on the last swing high (a sign of divergence or consolidation)
STOCHASTICS is pointing down but is currently at the oversold level. From here the only way to go is sideways or up.
Dont forget to like and subscribe.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.