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tunripboyo
Jul 12, 2020 12:00 AM

BAC 30 

Bank of America CorporationNYSE

Description

Earnings again this week. Clearly everyone is going to be making puts so I suggest calls. I am joking please don't. So it's looking like it broke out of the first downtrend channel, went into another little sell-off, and then moved back out of the downtrend on Friday. Volume wasn't high so no indications of a bullish move. Looking at Monday for the next candle. Resistance is 24.05. After that, we go to 26-27. IMO, I don't think the government will let the banks fail. Idk how Banks usually make money, I assume loans but idk the number of loans being made during this pandemic

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