June 17, 2014

Bank of America Analysis after closing bell

  • Daily chart shows a Bullish hammer candlestick at 20 Day SMA. Price has to sustain above 20 SMA For a possible up swing to happen.
  • The death cross happened earlier will do well only if price starts to trend down below 50 Day SMA.
  • Weekly cloud is trying to protect bulls from bigger falls.


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