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BAC - Good reversal candidate for 2024

Panjang
Bank of America (BATS:BAC)  
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BATS:BAC   Bank of America
Trend Analysis Support and Resistance Wedge bankofamerica bigbanks
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trendanalysis supportandresistance wedgepattern bankofamerica bigbanks

  • Month price tagging 200EMA with a falling wedge set up. Volume above 28 is needed to confirm the hold and further breakout.
  • Risk/Reward is good here only for LT passive accounts. Still needs more work for this to work as a good trade.
  • Flag on daily should atleast test the trendline around 30.
  • No position yet.
Dagangan aktif:
Playing as scripted. Now backtesting 200EMA. Next move is going to be bigger. Will build a position soon with 28 as the stop loss now.
Dagangan aktif:
Real action will happen in the next cycle. Check out monthly chart.
Dagangan aktif:
Keep this in your retirement portfolio. Look at the quarterly chart
snapshot
Penafian

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