koumkouat

Bank of America

Long
BATS:BAC   Bank of America
-Weekly 26 EMA pointing upwards suggesting an uptrend.
-A successful visit on the 26 EMA is recognized as well.
-FED rate cuts paused.
-There is a rumor that wants bank regulators to propose limitations on the compensation of the executives.


Long sentiment.

-Price inside a negotiation area that forms the lower edge of a bigger range.

Entry after the successful completion of the flag when a strong bull candle/pattern appears.

Stop loss below the flag.

Target on the extremes of the opposite negotiation area.

The trade here is indicative.
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