Technician
Long

Bank of America Technical Analysis: More Upside Likely!

NYSE:BAC   BANK OF AMERICA CORP
971 6 7
Bank of America Technical Analysis

- Overall trend is sideways
-The price tested areas near the bottom of the range before forming a double bottom formation
-The price has broken the neckline of the double bottom , in addition to the 200-days SMA
-Further upside is favored now for a possible retest of 18.00 resistance areas
- A break below 15.50 may negate this trade idea

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i am looking forward to your website....made the vote.
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Thanks mate.. I wonder what were your preferred choices?
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seine Technician
stocks, forex, and trade setups :)
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:) Many thanks for your help..
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seine Technician
you welcome. It is always good to hear someone else's opinion on the same things.
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Sure, I always benefit from others triggering my thoughts about things i haven't noticed..
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