February 22, 2013

BANK Of America chart analysis

  • BAC Closed the day below 20 and 50 Day SMA.
  • Price seeking support at the daily cloud.
  • If the cloud does not give support the bearish engulfing shown in last chart will take effect and a fall towards Weekly Middle bollinger band is likely to happen.

1 comment:

  1. I like your new Blog layout, San...very easy to spot everything! :-)