octradr
Long

BAC FOUND SUPPORT!!!

BATS:BAC   BANK AMER CORP
179 4 0
BUY this NOW and here is why!

Reason 1.
Bank of America has been on the move up since August of last year. Don't fight the trend without extremely good reason.

Reason 2.
100 day EMA has been a very good support and it is getting close to it.

Reason 3.
A doji formed close to support. Todays candle.

Reason 4.
The red stoch line has been great at calling bottom reversals.

Reason 5.
My fun upper red line is a potential new support line. OK this one is stretching it a little, but you have 4 other good buy signals.

Remember I told you first and use the 100 day EMA as support and adjust stop accordingly.

HAPPY TRADING!


octradr
3 years ago
This is a good buying opportunity. It only went below the 100 day twice and both times called the bottom of the short-term downturn. 9/30 b4 close
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octradr
3 years ago
Still looking good. 10/17
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octradr
3 years ago
It reached resistance. Sell half and give it a couple of days to break it. 10/20/13
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octradr
3 years ago
Time to get out. May short it. 10/22/13
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