JCP
Short

Sell upon resistance

BATS:BAC   BANK OF AMERICA CORPORATION
222 views
1
Is there anything fundamental that would make BAC break 10? I dont know

But there is significance resistance there, and RSI says that it is a little bought(but not a sell yet).

Sell at 10,
Stop @ 10.5
Target@ 8.5
3:1 upside.

Comments

Hi Token, thanks for the comment, just from the 7 to 10, I would guess its going to take maybe month for BAC to get down to 8.5. So if that does happen, i would venture to say end of Jan or beginning of Feb
Reply
Thank you for your polite comment. I also think the same . If slowly goes down according to your chart. End january start of february BAc should touch to 8.5 . Please time to time write to me .and revise your chart so that we can understand the situation better. Thank you.
Reply
Target@ 8.5 . You write . when ?
Reply
Hi! When do you think BAc will be 8,50? You can give a time range.
Reply
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