BAC is now hugging the 200day MA now although it has closed below it for the past one week.
See chart below. Stock appear to display reversal candlestick pattern at its $13 support region. Spotted the hammer pattern a few days back. This is really a contrarian play for BAC now.
Let's take a look at the weekly chart for BAC. Weekly charts are good to examine for the macro longer trend line. It allows us to see the bigger picture. BAC appears to find support at the $13 support region where the Ichimoko Kijun line is located. As i said, BAC is a good contrarian play for now.
See chart below. Stock appear to display reversal candlestick pattern at its $13 support region. Spotted the hammer pattern a few days back. This is really a contrarian play for BAC now.
Let's take a look at the weekly chart for BAC. Weekly charts are good to examine for the macro longer trend line. It allows us to see the bigger picture. BAC appears to find support at the $13 support region where the Ichimoko Kijun line is located. As i said, BAC is a good contrarian play for now.
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