Bank of America (NYSE: BAC):
26 February 2018, Monday, 11.55am Singapore Time
(Click on Technical Chart Above to Enlarge)
Attached above is the Technicals for Bank of America (NYSE: BAC), one of the US Banks selected by The Donovan Norfolk as top choice US Bank for investment during the 1st week of trading of 2018.
The first green circled region is my live calls on 19 December 2012 to load buys on Bank of America Shares at $11.36 for lucrative returns as investor. It has yielded +2.82 folds in returns now, and a +181.95% profits right now.
The second circled region is my embarrassing live calls on 29 December 2015 to load more average-up buys on US Bank Stocks such as Bank of America at $17.13, because DNA Technical Rating on Bank Stocks during December-2015 and start of 2016 back then was hyper bullish. It has yielded 1.87x in returns, and a +86.98% profits right now.
The little rectangular region in February 2018 is the DNA live fore-warnings during early February 2018 that the February 2018 plunge worldwide are not prelude to any bear markets, but are merely used to shake out weak minded market herd who know nothing about the market.
At current $32.03, The Donovan Norfolk Technical Rating remains very bullish and sees Bank of America having the ability to rally way beyond $40.00 next, and doing so with a breeze in the park.
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