Get started
Trade_Integrity

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

Long
Bank of America (NYSE:BAC)  
Trade_Integrity  
NYSE:BAC   Bank of America
Trend Analysis Chart Patterns Technical Indicators BAC banks rally S&P 500 (SPX500) Bullish Patterns
0
0
trendanalysis chartpattern indicator bac banks rally spx500 bullish
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.