BAC Approaching Support, Potential Bounce!
BAC is approaching our first support at 17.97 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 25.46 (horizontal overlap resistance 50% fibonacci retracement, 61.8% fibonacci extension.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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