Bank of AmericaLong
$BAC Before earnings
Bank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC fail to breakout of these levels, we could see it test lower support, or even fill the gap put in a few days ago. Ichimoku is still showing a bullish trend at these levels. Looking for a breakout to confirm my 1.618 wave higher analysis.
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