September 22, 2012

Bank of America Weekend update


  • BAC Weekly chart shows weakness near 100 Week SMA
  • Daily chart shows a bearish engulfing pattern. Daily MACD is closer to a sell signal which will be effective on price breaking below 20 Day SMA.
  • Price sustaining above 20 Day SMA will continue to favor bulls.
  • BEAR FLAG OF COCA COLA

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