BAC - Two Possible Ways to Play It
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BAC - "Don't buy the banks, they're not performing!" - I just trade what the chart tells me, sorry. This one is pretty simple. If the lower TL holds, we could see a revisit to recent highs where I would look to take profit. If the lower trend line breaks convincingly, we could short it back to the bottom. It's that simple.
If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
BAC - "Don't buy the banks, they're not performing!" - I just trade what the chart tells me, sorry. This one is pretty simple. If the lower TL holds, we could see a revisit to recent highs where I would look to take profit. If the lower trend line breaks convincingly, we could short it back to the bottom. It's that simple.If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
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