649bruno
Long

Update: Bank Of America Still In Strong Uptrend

NYSE:BAC   BANK AMER CORP
30 0 5
BAC-has remained strong. Here are the positives:
1. Currently multiple buy Fractals (highlighted in green box). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw.
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend.
3. The top lower indicator is phase energy, and this is positive. Very strong.
4. The alligator is feeding in the uptrend.
5. RSI / Stochastic (top indicator) is strong.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING SHARPLY HIGHER.
9. The 5/34 Momentum indicator (top middle) is strong.
10. The Ichimoku Cloud is rising.
11. The moving average trend line is rising.
In my opinion, BAC-is in a solid uptrend.
Good luck to you. Don.
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