January 18, 2014

Bank of America Weekend update

  • BAC Weekly chart shows price at resistance line. Weekly chart is overbought and Daily chart shows negative divergence which may result in negative to sideways price action for few weeks.
  • Last chart shows price above the crucial 78.6% Fib level. Sustaining above this level may avoid a bigger fall. Bears need to close below this level for a bigger correction to happen.
  • SINA CORP Chart Analysis

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