🔸️Ticker Symbol: $BAC 🔸️Timeframe: 4H 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: $BAC Post earning has increased in value 24.24% at its max. Is this rally sustainable? If we take a look at our linear regression indicator it suggests we are in the top deviation level. Now historically when we have entered this area, we have seen a nice move lower on $BAC. We also have our white line on the dashboard representing "money movement" shifting lower while the price of the stock is currently still increasing. This is known as divergence. With all of these indications sounding at the same time I do believe we could potentially see a nice selloff on $BAC in the coming week. Please leave a comment below on your personal investment strategy.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: $BAC Post earning has increased in value 24.24% at its max. Is this rally sustainable? If we take a look at our linear regression indicator it suggests we are in the top deviation level. Now historically when we have entered this area, we have seen a nice move lower on $BAC. We also have our white line on the dashboard representing "money movement" shifting lower while the price of the stock is currently still increasing. This is known as divergence. With all of these indications sounding at the same time I do believe we could potentially see a nice selloff on $BAC in the coming week. Please leave a comment below on your personal investment strategy.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
