BAC, daily
BAC, monthly
Summary
Little to add.
A strong day for BAC.. but still stuck the broader tight range from early 2014.
Best guess.. a monthly close in the $18s.. not until the autumn, when I expect interest rates to finally start rising.
Tuesday 23 June 2015
BAC - financials close to a breakout
Whilst the broader market closed with minor gains, there was notable strength in financial stocks. Bank of America (BAC), settled higher by 1.1% @ $17.67, the highest level since Jan 5'th. A monthly close in the $18s would be extremely bullish for BAC and the broader market.
BAC, daily
BAC, monthly
Summary
Little to add.
A strong day for BAC.. but still stuck the broader tight range from early 2014.
Best guess.. a monthly close in the $18s.. not until the autumn, when I expect interest rates to finally start rising.
BAC, daily
BAC, monthly
Summary
Little to add.
A strong day for BAC.. but still stuck the broader tight range from early 2014.
Best guess.. a monthly close in the $18s.. not until the autumn, when I expect interest rates to finally start rising.
