BAC
Against the backdrop of the general hysteria about the coronovirus, BoA have fallen rapidly over the last two days.
Moreover, price broke a strong weekly support level. The shorts model is strengthened by the fact that the price updated the low of long-distance retest, which is usually impossible in the normal market conditions. As a result, the stock is being openly sold.
I also pay attention to the fact that yesterday closed almost under the low, the hourly and five-minute chart shows the same signal for further fall.
If the fall continues today and they go below the daily level, there will be nothing to stop the price in short zone.
No matter whether you take my ideas into account or not, you should trade only at your own risk-on-trade and from your own MM-strategy.
And don't forget to use SL-orders especially now, in a falling market..
Comment:
WHOEVER LISTENED TO ME HAS ALREADY EARNED...
Trade closed: target reached