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BAC - Long, Target $27.50 and $29.00 in the next 2 weeks

Long
NYSE:BAC   BANK OF AMERICA CORPORATION
BAC is forming Cup and Handle on D1 chart.
Now is $26.50. with this pattern BAC's target are: $27.50 and $29.00.
While the market in the correction process.
The cash flow from other Sectors that are Overbought is certainly looking for a new destination.
Banking is a good Sectors that is regaining balance when it exits the Oversold zone and keep going up slowly.
I predict BAC will hit 2 targets in the next 2 weeks, with 70% confidence level, 10% Sideway and 20% drop to $25.50 - $26.00.
Ichimoku , RSI , MACD are supporting this uptrend too.
Disclaimer!

Comments

Nice chart, thank you
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