Short

Bank Of America (BAC) Will Drop Hard (90%+ Crash?!)

Updated

The chart for Bank Of America (BAC) is looking bad long term, there are many signals pointing to a very strong drop.

The last time this company had a crash, it shredded over 95% of its value... The same might happen again.

Let's take a look at some of the signals:

Let's start by looking at Divergence, you can spot this marked with a light blue line on both the MACD and RSI. These divergences work strongly on conventional assets, they always confirm. We have bearish divergence on both indicators.
I marked a rising wedge in purple which is also bearish. You can expect the asset value to move a bit longer within the wedge before breaking down; if it does. Probabilities are really high...
EMAs are going to be challenged now, this is our main support (22.33).
The RSI is super bearish.
Volume has dropped massive while price moving up.
If you were to use this information to trade, a break and close above 28.45 would be a great stop loss. As for the way down, 13.62 can be your main target and more after/if this level breaks.
...

This one is about to crash really hard... Just like it is happening with Apple, Google, SPX, DJI and the rest.

Apple Points Down (Crash To Speed Up - 30% Drop Incoming)

S&P 500 (SPX) Going Down (Time To Profit)

Thanks a lot for reading.

Namaste.

Comment

The drop is starting now...

AlanSantana

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