BAC is seen to have rejected the 20ma, meaning it will most likely bounce back towards the lower Bollinger Band. In order to place a buy order on BAC, I want it to hold its 0.382 Retracement on the Fibonacci Resistance Fan, which lies around 37. A break through this support will provide a great buy area around the 34 price level.
Good luck and trade safe
Key Points
-37(Fibonacci Support)
Good luck and trade safe
Key Points
-37(Fibonacci Support)