There is symmetrical triangle breakout of Bank of America after consolidation.
Long term targets are marked on the charts with horizontal lines. They will act as resistance as well as support. No stop Loss.
View is for next 1- 3 years.
As you might able to see the BAC is done with monthly pullback. We can potentially see a monthly bullish impulse. Good option for long term hold based on technicals
Not financial advice and liable for anyone in any regards
Just my journal
BAC looks very bullish from weekly and needs a pullback to head higher.
Not financial advice
Not responsible for other actions
Just my personal journal
Key Levels for BAC(BANK OF AMERICA CORPORATION) for INTRADAY TRADING are :
Upper Breakout~20.85
First Target~21.55
Interim Resistance~22.60
Final Resistance~23.55
**Lower Levels**
Lower Breakout~19.40
First Target~18.85
Interim Support~18.35
Final Support~17.55
Please trade with caution and consult your financial adviser before trading.
