Bank of America Corporation
Educacional

Example of a Downtrend Line on BAC

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This downtrend line on BAC, represents a resistance where traders can take advantage of selling opportunities in rebounds.
It is recommended confirm the downtrend line. It could be after a third rebound, then, you can sell in any rebound and hold the position before the downtrend line get broken.
When the downtrend get broken you must buy.

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