dolphinfromegypt

bank of america - not looking good

Short
NYSE:BAC   Bank of America
hi,
looking on the big picture, we are in great black hole, i think about a cosmos - as a universe,
rising of costs of goods, rising of rates, credits highs... slowing down economy,
as we know, big players want to play and like to make swings, so do not catch into the nest of the fisherman ...

bank of america - great but looking on pivot and Fibonacci trend, i suppose that bottom is very low ...

i suppose that the index want to hit 25 usd ... there is a strong mayor resistance line - uptrend, if this trend would be attacked and defeated, I suppose that we are going down, then 20 usd and 16 usd ...

4 usd or even low for stock of bank of america in 2009 it was a nice gift from wall street bankers for all people in the world.

all the lines shows that the momentum - split of lines are in 2025 , 3 years to come, we will see.

it depends of the speed and the strike of the index, if it goes fast down, bottoms will be deep, if it will go normal, soft down, i hope that price would stop somewhere.

big problems are automated players, algorithms, waiting right now for they move ... to sell .


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