Bank of AmericaLong
Bank of America Technical Analysis: More Upside Likely!
Bank of America Technical Analysis
- Overall trend is sideways
-The price tested areas near the bottom of the range before forming a double bottom formation
-The price has broken the neckline of the double bottom , in addition to the 200-days SMA
-Further upside is favored now for a possible retest of 18.00 resistance areas
- A break below 15.50 may negate this trade idea
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Good luck, keep your stops tight..
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My best regards
Technician
- Overall trend is sideways
-The price tested areas near the bottom of the range before forming a double bottom formation
-The price has broken the neckline of the double bottom , in addition to the 200-days SMA
-Further upside is favored now for a possible retest of 18.00 resistance areas
- A break below 15.50 may negate this trade idea
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
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