Bank of America Gains

Inverse Head and Shoulders on the weekly / daily BAC $BAC chart.

I would probably wait for $BAC to rise above $30.5 -$31 before entering into a long position.

If $BAC sees $31 then the first target is $32, and the last target is $35 (although I find this hard to believe to be honest).

Something to consider: $WFC Wells Fargo has a Head and Shoulders pattern on weekly / daily. These two stocks appear to rise and dip at similar times due to both being banks (no shit).


Like always, open to constructive criticism.

Thanks for visiting.

Kommentera:

First target hit.

BTW my $BAC $31 calls expired worthless on Friday, lame.