Thursday, 29 March 2018
Funds Flow Analysis of Bank of America (NYSE: BAC): 29 March 2018, Thursday, 1.20am Singapore Time
(Click on FFA Chart above to Expand)
Attached above is the Smart Money Funds Flow Analysis of Bank of America (NYSE: BAC). After Bank of America had flipped from Sellers' Market to Buyers' Market at around the $16.00 region in 2016, it was a rally of no return. With such strong inflows, the party appears to be certainly young. In the worldwide market corrections of February 2018 and March 2018, it can be seen that the longs have been very determined as there is no intention to unload. Funds flow is strongly bullish and the smart longs in the market are hardcore longs: high bullishness. One can reasonably expect much more rallies to come.