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Friday, 28 September 2018

Technical Analysis of Bank of America (NYSE: BAC): 28 September 2018, Friday, 2.25pm Singapore Time

Technical Analysis of Bank of America (NYSE: BAC): 
28 September 2018, Friday, 2.25pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is Technicals of Bank of America (NYSE: BAC). The double black support-resistance lines are actually a large bull flag within a larger long term uptrend. Bank of America's correction is ending. It is in light green support zone as highlighted. Fundamentals of Bank of America remain rock solid. The black channel is expected to be broken up at $31.25 for a powerful rally as indicated by the green trajectory.

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