Bank of America, possible long position

After spending some time watching the chart there are some things that I would like to highlight:
First of all the last candle stays in a crucial zone which is a resistance line. Besides, this candle is above the moving average (150) which could be a long signal and if we follow the analysis the fibonacci retracement lines (150) show us that the current price is below the 0.5 line.
I think that all of this could result in a long position.
I've also seen the fundamentals showing a "normal" P/E ratio and a PEG below the median of the banking industry (1.80 vs 2.20 approximately). Apart from this the stock has a price to book below one which could mean that the stock is quite undervalued.
So, that's my recommendation, hope you like it! Every comment or suggestion is always welcome.
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