January 8, 2014

Bank of America Resistance line and Bearish Engulfing

  • Bank of America weekly chart shows price testing a possible resistance line. Bears of BAC need a weekly bearish candle at this stage for a possible correction or a sideways correction to follow.
  • Daily chart shows bearish engulfing pattern and Negative divergence both needs confirmation. Bearish weekly candle may confirm weakness.




By at

2 comments:

  1. UnknownJanuary 8, 2014 at 7:26 AM

    bet this goes above 20 this year
    zee

    ReplyDelete
  2. SanJanuary 8, 2014 at 7:37 AM

    12 More months to go for this year, Anything can happen

    ReplyDelete

Subscribe to: Post Comments (Atom)