IvanLabrie
Long

BAC: Massive cluster of earning levels above

NYSE:BAC   BANK OF AMERICA CORP
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.
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.
Nailed it! Great job Ivan
+1 Reply
@timwest, thanks!
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Very, very, very well !!! Great job.
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What a pity not to have entered before
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IvanLabrie PRO javierruizmo
@javierruizmo, Where did you buy? If you trade it for the long term , you can hold and hedge with options if needed.
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IvanLabrie PRO IvanLabrie
@IvanLabrie, I tightened my stop more and added again. Minimal risk on the add, I wouldn't want to hold if it turns down for the day before the close.
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Nice here
+1 Reply
@ChimbOt, Hey, thanks. You're in?
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