October 15, 2013

BANK of America chart analysis

  • First chart shows bac trying to breakout above the cloud. Closing above the cloud should give a bigger up move for the stock. price managed to close above 50 Day SMA. Weekly chart shows price moving up from rising support line. Price has to clear 14.8 levels on weekly closing basis for a bigger up move to happen. 





No comments:

Post a Comment