A/D bearish and stock bullish are we expecting a correction ? Look for the stoch to go beyong 80.0000 and come back down
Could run strongly tomorrow after closing at a 52 Week High Close. Don't care for the gaps below but all signals point to buy.
thursday BAC broke the resistant zone (green) with a long green day, then fryday it open with a gap for me thats a confirmation of a long run, but if you need more signals the stochastic is rising up and the MACD too.
Gee louis insane call action today: 485k/150k C/P, largest block Jan 15C at ask x23k, Feb 15/17CS x10k, some Jan 2015 PS STO?
Bank of America is showing a great risk vs. reward for going long. $17 is the first target which is a gain of approximately 13%. The stop loss can be set below the existing trend-line for a potential loss of 3-5%. RSI and MACD are working off overbought conditions.
Nice healthy pullback to 15 wouldn't surprise me either.....