May 2, 2014

Bank of america chart update


  • Bank of america daily chart staying below 200 SMA. Price has to move back above this line to avoid a bigger correction
  • Weekly chart shows price pausing at 23.6% Fib level and recent resistance level which is trying to act as support. A weekly bullish candle at this level may save BAC bulls from bigger fall.



By at

2 comments:

  1. jagaMay 2, 2014 at 10:00 PM

    Hi san...
    I am Hardcore Follower of ur posts. Cud u give a 3-4 positive divergence NSE stocks ahead of Election results...

    ReplyDelete
  2. SanMay 3, 2014 at 12:36 AM

    @Jaga

    Many liquid stocks have made good up move just prior to the election results so they are positioned like at an in between kind of level to trap many market participants.

    I will try to find some stocks though.

    ReplyDelete

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