Bank of AmericaShort
2022 will not be a good year for Bank of America
I know nothing about this bank, I have never traded this stock, and I have never used their products. The recent outages this weekend that made headlines made me curious enough to look at the graph.
That being said...
MACD is not only declining, but it's also back to where it was before the IT bubble popped in the late 90's. It has simply gained way too much in too short of a time frame.
I suspect it's going to print a head and shoulders pattern. And if it does, I see a much larger breakdown in the following years and return to 2015 levels again.
That being said...
MACD is not only declining, but it's also back to where it was before the IT bubble popped in the late 90's. It has simply gained way too much in too short of a time frame.
I suspect it's going to print a head and shoulders pattern. And if it does, I see a much larger breakdown in the following years and return to 2015 levels again.
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.