January 2, 2015

Bank of America Bearish and Bullish Views

 
  • Bank of america daily chart shows a bearish engulfing pattern. Pattern for now does not have volume spike.
  • Weekly chart shows price testing the swing high near 18 levels. If weekly chart confirm weakness another dip towards the rising trend line is possible.
  • After correction if the rising trend line holds a bigger breakout is possible from this weekly bullish pattern. In the very short term if 18 is not crossed it may give a correction.



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