Bank of America
Viés de alta

BAC to New Highs (at least since the housing collpase)

93
After 12 weeks of consolidation BAC broke out last week. Suggested increase of 13.4% or around a $4.00 move.

Two things to keep in mind are:

1. The resistance that will be met at 33.05, the highest price since 2009

2. One week didn't touch the mode, usually I don't chart a consolidation unless every candle in the consolidation touches. This was otherwise a pretty nice consolidation so I went ahead with it anyways.

Aviso legal

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