January 28, 2013

BANK Of America Weekend update

  • Daily chart of BAC shows a trading range between 11.02 - 12.2. This range must resolve for the next big move to happen.
  • Closing above 20 SMA may take price towards the upper end of the trading range.
  • Weekly chart shows this range happening below the 50% Fib Fan line. Price trading above this line may help bulls to extend the up move out of this trading range.
  • MICROSOFT WEEKEND UPDATE
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