BAC is seen to have rejected the 20ma, meaning it will most likely bounce back towards the lower Bollinger Band. In order to place a buy order on BAC, I want it to hold its 0.382 Retracement on the Fibonacci Resistance Fan, which lies around 37. A break through this support will provide a great buy area around the 34 price level.
Good luck and trade safe
Key Points
-37(Fibonacci Support)
Good luck and trade safe
Key Points
-37(Fibonacci Support)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.