August 22, 2013

Bank of America Channel and Bull Flag

  • Bank of America Hourly chart shows price testing resistance line of the channel
  • Daily chart shows a bullish Flag pattern.
  • Price testing 20 Day SMA. Closing day above 20 SMA may lead to a breakout from these patterns. Failure to close above 20 SMA should lead price towards Hourly channel support line.
  • TESLA Ascending Triangle

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