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alexp
Oct 31, 2012 2:34 PM

BAC is at the bottom of trading range Long

Bank of America CorporationNYSE

Description

BAC is stuck in trading range between 9.00 and 9.6 recently. Currently it's at the bottom of trading range forming a double bottom flag and is currently aiming towards top - should trigger above 9.27 for confirmation. Risk:reward for this trade is 1:1.5 as quick scalp-type trades work better with trading ranges.
Comments
alexp
target reached!
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