Bank of America is breaking resistance from an ascending triangle. Volume is also increasing which is a good sign.
Note that June historically has been a very foggy month for the market as most market makers go on a vacation all month and have there computers set on autopilot, making sure stocks stay in a range.
This means that false breakouts occur often.
Note that June historically has been a very foggy month for the market as most market makers go on a vacation all month and have there computers set on autopilot, making sure stocks stay in a range.
This means that false breakouts occur often.