BAC - ready to breakout
BAC - looks like it is ready to overcome resistance this time and is significantly moving away from consolidation zone.
Note
Disclaimer: This is just my opinion, not an advice. Trade at your own risk.Trade closed manually
The price broke down two major trend lines and right now it is at support zone. Any fall from here will be limited and can go up (also consider overall market conditions). But time and price target should be changed. Hence, closing this trade.Note
Also there is some negative news on BAC about cheating its trading customers....hence there can be some short term downfall...
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.
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.