Bank of AmericaLong
BAC $32.50 Bullish Triangle Breakout
After rallying 25% from mid Nov, BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector 
XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104
BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.