"Be fearful when others are greedy" - Warren Buffet
This 30% price jump has no correlation to the price of oil nor its future. From what i'm seeing, everyone should be terrified right now. One of the biggest oil gluts ever is impending on this market. From my research, these gluts typically take a few months to noticeably effect price. In the long run, oil will be...
If BAC breaks the previous resistance mark around 32.80, we should see it continue the upward trend for a quite a bit longer. If not, we will see it drop to its lowest support point and begin consolidating, followed by another up trend.
