Bank of AmericaLong
Price action says BUY!!!
There is a debt restructuring exercise going on which suggest a loss that the bank has to take suggest further decline in price. However, I trade price action not NEWS and price is sitting on demand zone which previously showed strong momentum. I believe we are likely to see a break out towards the first target.
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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.