Bank of AmericaUpdated BAC
BAC price action looks pretty weak. We saw a false breakout at the 1.618 Fibb extension level from the 2020 decline. As it stands it is below its pre COVID highs and is running into some serious resistance at that level. Price action looks like it wants to head lower from here.
Note
Regional banking crisis was not something I was expecting. More downside pressure until the Fed decides to pivotNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.