Should Fulfill if Financials can hold up
Will buy more if price pulls back to previous swing high at and around $12.42 area. Still see $13.50-$15 next few months with stop loss at and around d$12. Join us www.woowtrading.net
Failed breakout of the trading range - should get back into range and test the bottom around 11 area (and close couple of gaps on its way down)
BAC reversed on big volume. Negative RSI divergence in place. A test of 11 seems likely.
2 cent breakout to me confirming a double top, followed by a sell off. looking for the stock to reach atleast $11.90. Read my full article at shakeouttrader.wordpress.com
needs neck b/o on volumes for clear signal tgt comes after blue parallel break macd div - rsi div + no position ahead of friday data which could discard current hypothesis
Inside day, could move higher tomorrow/end of week...
Bearish divergence suggest a collapse. Short on breaking of support at $11. Expect fall to $10.
This classic double tops has not been confirmed or breakout yet the chance to see it happen increasing now than ever. Last time, we called a bullish ascending continuation triangle and it exceeded more than our expectation, now a bearish pattern is building and has higher probability to see it breakout downside. Join us www.woowtrading.net
Weekly chart, Looks like every time $BAC hits lower bollinger bands while under the 50DMA is a move up to higher highs and higher highs, looks bullish for the next few weeks.
Late last week I posted a daily chart of BAC suggesting a short based upon displayed signs of negative divergence as price advanced to new highs. It has since backed off those highs. Now as I look at the hourly chart BAC has reached a critical line of support at $12. IF BAC is going to continue its uptrend it must maintain support above 12. Because the...