Guruoffinance

BAC breakout nearing

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Guruoffinance Uppdaterad   
NYSE:BAC   Bank of America
I believe the charts don't lie but man is the economy f-d right now. interesting to see how this plays out.
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expect 26$ if it breaks today
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Its following the FIB trend line, but there just isn't enough volume or volatility for me to be in. Waiting for next market moving event.

Taking this time to stock pick with profits from previous weeks.
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bounced off .78 fib, retraced slightly and then break through again soon into .618 range
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32.5 to 33 per share is a topline exit, secondary market action to ensue through regionals once they rally a little. Big banks are not even safe cause the dollar will stumble over debt ceiling this summer.
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