The short term chart shows very bullish signals in BAC, we can enter longs here, on dips to 15.45, and/or add on a break of 15.85. Stops for all positions should be at 14.81.
There is a giant resistance zone above, so if crossed, we can let this trade run for a good while.
Most traders are not in stocks from this sector, and it's not a good idea right now.
Good luck!
Ivan Labrie.
There is a giant resistance zone above, so if crossed, we can let this trade run for a good while.
Most traders are not in stocks from this sector, and it's not a good idea right now.
Good luck!
Ivan Labrie.
Comment:
Boom, breakout of resistance.
Comment:
Hold!
Comment:
Place a stop loss at entry price.
Comment:
I'm doubling up and placing a stop loss at 18.35, last: 18.69
Comment:
Up nicely on my second entry, risk is nill...holding.
Comment:
Tripled the stake at 18.98, moved stops to 18.75.
Trade closed manually:
Closed at 19.41
Comment:
I haven't gotten back in, but rode WFC to catch up to the portion that I missed. It's better to ride this one and trail stops gradually higher if in, and add to it if you get scared of heights.
