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donaitelo
Mar 23, 2020 3:15 PM

BAC - We are repeating the 2008 drop Short

Bank of America CorporationNYSE

Description

Hello everyone, as we can see we are heading for the same % drop as in 2007, so expect till March - May 2021 the price to be around 5$ - 2.5$ . We do have support at 10$, but giving the fact how the 2007 crysis turned out for BAC with more than 90% drop, right now we are seeing record big drops, I see -90% from all time high price again. Right now we will see temporary retracement to the upside, but it will be fore 1-2 months, then we will drop again. Good luck to everyone, see you next year :D
Comments
Powerplayer23
True..but this is not 2008 on so many levels.. cute drawing tho!!
newpeakstrading
True, this is a false rally. BAC went down to like $4 back then. I did a PUT to Jan 2021 for 13 should be good.
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