BANK OF AMERICA CORPORATION(BAC) is Bullish and Stongly Trending
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
In light of the above trend analysis we will execute a bullish trade on BANK OF AMERICA CORPORATION
Global Entry Signal For Trade #1: Buy @ $30.90
Global Trailing Stop Loss Trade #1: @ $28.97
Global Target Profit Trade #1 : @ $53.18
Risk %= 0.5% of Free Equity
Global Position Size: Based on risking 0.5% of free Equity and a risk of $1.85 per share
We will add to position if price exceed $32.00
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
In light of the above trend analysis we will execute a bullish trade on BANK OF AMERICA CORPORATION
Global Entry Signal For Trade #1: Buy @ $30.90
Global Trailing Stop Loss Trade #1: @ $28.97
Global Target Profit Trade #1 : @ $53.18
Risk %= 0.5% of Free Equity
Global Position Size: Based on risking 0.5% of free Equity and a risk of $1.85 per share
We will add to position if price exceed $32.00
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Comment:
Global Trailing Stop Loss Trade #1: @ $28.97 reach..