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SpecialeAnalysis

BAC setting up to drop

Short
Bank of America (NYSE:BAC)  
SpecialeAnalysis  
NYSE:BAC   Bank of America
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
Bank of America (BAC) has clearly defined a primary descending BLUE channel, followed by a secondary ascending TEAL channel. Price has now settled below the TEAL support structure by 1%+. I've identified my desired entry, stop loss and limit target below.

The 50 day SMA is trending below the 200 day SMA ... The 20 day SMA is trending below the 50 day SMA ... Price is below all 3 SMA's
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