January 11, 2013

BANK Of America Chart analysis

  • First chart shows price trending up above the up trend line.
  • Second chart shows a MACD sell signal and price testing 20 Day SMA. For bears of BAC Price need to sustain below 20 Day SMA for a bigger fall.
  • Last chart shows weekly chart with Fibonacci fan. Price showing weakness at 50% Fib line.

No comments:

Post a Comment