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BAC

BAC 30Earnings again this week. Clearly everyone is going to be making puts so I suggest calls. I am joking please don't. So it's looking like it broke out of the first downtrend channel, went into another little sell-off, and then moved back out of the downtrend on Friday. Volume wasn't high so no indications of a bullish move. Looking at Monday for the next candle. Resistance is 24.05. After that, we go to 26-27. IMO, I don't think the government will let the banks fail. Idk how Banks usually make money, I assume loans but idk the number of loans being made during this pandemic trade smart
NYSE:BAC
by tunripboyo
BAC - Showing weakness ?Hello Everyone! Today quite a weird close for BAC few cents below its 50 moving average, this moving average sustained the price action since the lows of March, is this behaviour a sign of weakness ? It might be, as it had all chances to close above this level and it finished below. Price is trading in an important area, very close to the 50% Fibonacci retracement, it might take any direction. For north direction we have to see closing above the 50 moving average (23,87) to show signs of bullishness, for south direction watch the next hourly close below that level tomorrow. Thanks for reading and post a comment if you like to do that and....may the market be with us!
NYSE:BAC
by Carlopiranha