Rising triangle and possible future breakout
Updated
BAC forming a triangle. I've been waiting for a good entry for about a week. $22.66 has also been an important line of support in the past. The reward is not super high, but neither is the risk. I'm going to enter now with a stop-loss at $22.45, which is about 2%. I'm hoping to sell some at $25.3 and then either wait for a breakout or buy into the retracement.
Fundamentals look good too. Analysts say that BAC is either buy or hold.
Fundamentals look good too. Analysts say that BAC is either buy or hold.
Trade active
Increasing risk to 2.5%Trade closed manually
I decided to stop here since the trade didn't look like it was going anywhere
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