BAC, daily
BAC, monthly
Summary
Regardless of today's gain.. its been a rough few weeks for BAC.
First key break for the equity bulls would be a monthly close of $18, but clearly, that is unlikely this month!
Thursday, 22 January 2015
BAC - down cycle complete?
With the ECB announcing QE-pomo for the EU markets, world markets continued to climb. The financials did especially well, Bank of America (BAC), settled higher by 4.3% @ $16.08. The daily close is a pretty powerful turn... and 'best bear case' downside target zone now looks out of range.
BAC, daily
BAC, monthly
Summary
Regardless of today's gain.. its been a rough few weeks for BAC.
First key break for the equity bulls would be a monthly close of $18, but clearly, that is unlikely this month!
BAC, daily
BAC, monthly
Summary
Regardless of today's gain.. its been a rough few weeks for BAC.
First key break for the equity bulls would be a monthly close of $18, but clearly, that is unlikely this month!
