Last 2-months price consolidated and looks ready to breakout upside but volume was light, which is a concern. Buy point is March high with a possible target price of $11.42 with stop loss of recent swing low $8.8 area.
Comments
junioru83
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BAC is a sell in accordance to the signals. CCI is 92.53, and as you know (over 100 is oversold), so nearly there....RSI is 62.42 when 70-80 is oversold... so nearly there... the fast Stochastics just penetraded from underneath, so it is again a sell signal, also look at the MACD is down and price is up which means again SELL.... so I think the last HL on your chart is the top price it will go for now, and HL will become the resistance for time being just for december and january.
token991
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HI! Do you mean it will first go to 11,42 than will fall to 8,80 area? Iy yes, According to your chart when she will return to 8,8? Which time range ? end december end january ? when she will be in range 8,80 ? Regards.