A prediction for Bank of America (for 28/08/14)
Hello.My first prediction for Bank of America, lets start.As we can see i have create a triangle from 3 trend lines.The lowest price will be the 16.02(61.8% fibo from the left side of the diagram) into the green area and the highest price will be 16.31(100% fibo from the left side of the diagram).If the candle go below of 16.02 then we will have a new low point(i believe the price of 15.93 (50% fibo from the left side of the diagram)).Finally estimated high if the candle stay between yellow and red line could be the price of 16.33 similar to 16.31 (see the right fibo 161.8 %).
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.