As you can see in the chart NYSE:BAC Had started A massive uptrend in the last 11 years that It's almost over by my point of view. Sl of this Analyze is 35$. In the second blue zone we can risk free our position by your own Strategy.
Bank of America seems of have broken a bearish wedge pattern of 10 years. If this holds, this could be the start of the mother of all crashes....
Here you can see that Bank Of America is trading in a down-trend now days and moving towards the strong support line which comes from past and already Market had test this support line two times in 2016 & 2020 respectively. Now if BAC broke 26.32USD then we can take a trade for a further downside with the target of 23.50USD .
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...