BAC daily
BAC monthly
Summary
Across 2017 I noted the importance of the key $18 threshold, and how an upside break would have monstrously bullish implications for the mid term. We saw the breakout in Nov'2017, and that can be marked as month'1 UP.
Some 12 months later, BAC has seen the $27s. Next big target are the $33s... last seen in Dec'2008.
Higher rates are unquestionably bullish, and it looks safe to assume another 3-4 hikes next year. As things are, BAC is set for a third consecutive net monthly gain, and the $33 really do appear a given.
