Disclaimer: The contents are for informational purposes only and do not constitute investment or trading advice.
BAC is in an upward channel. A reverse head and shoulders/ascending triangle pattern formed between Jun-Sep and the neckline was broken @ $44.
Price has now pulled back to $44 support and if this level holds, BAC has the potential to rise to ~$52 towards the upper trendline of the channel.
Stop loss at $41.5, Price Target 1: $48, Price Target 2: $52
BAC is in an upward channel. A reverse head and shoulders/ascending triangle pattern formed between Jun-Sep and the neckline was broken @ $44.
Price has now pulled back to $44 support and if this level holds, BAC has the potential to rise to ~$52 towards the upper trendline of the channel.
Stop loss at $41.5, Price Target 1: $48, Price Target 2: $52