Thread by @malteseinvest

Analysis: #NYSE $BAC

Case 455 #BankofAmericaCorporation - UPDATED

Requested by: russian_trader at Trade2Win

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#BAC 1/3

Chart 1
Daily Chart: Since our Dec. 04, 2019 analysis all positions had been entered into: Longs at 26.70, 23.50 and 20.00 SL 15.00. Trapped in a triangle, price needs to gain a foothold above the monthly #SMA 200 at 25.56 then break above Feb. 2020 #trendline at .....

BAC 2/3

..... 26.81, the SMA 200 at 27.52, and 2016 #pivot at 29.96. But there will be no relief until a close/hold above 31.47 is seen.

The #Strategy remains unchanged and we maintain our current position.

$BAC 3/3