I keep my technical analysis simple for the most part. Check out my articles on Seeking Alpha for fundamental and technical analysis! You can follow me on Twitter CircaAlpha and on Stocktwits @Circa! Click on the charts for a larger view:
Bank of America (BAC)
Yesterday I entered into a short position at $11.51 because shares traded below the 10 day and 20 moving averages and I believed we were in the process of setting a lower high. Today shares were down 0.96% and closed the day at $11.38. I placed my initial target at $11.00 because shares bottomed at this level on January 18th. I now am watching for a break below $11.00 to signal a fill of the December 17th gap to $10.65. I am keeping my stop loss at $11.75 which would invalidate my thesis. However, if shares trade down to trend line support I would be inclined to start a long position. You can view my post from yesterday below.
Bank of America (BAC)
Yesterday I entered into a short position at $11.51 because shares traded below the 10 day and 20 moving averages and I believed we were in the process of setting a lower high. Today shares were down 0.96% and closed the day at $11.38. I placed my initial target at $11.00 because shares bottomed at this level on January 18th. I now am watching for a break below $11.00 to signal a fill of the December 17th gap to $10.65. I am keeping my stop loss at $11.75 which would invalidate my thesis. However, if shares trade down to trend line support I would be inclined to start a long position. You can view my post from yesterday below.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.