Bank of America (BAC) is showing resilience:
Price is above the 209-WEEK EMA, indicating a bullish trend.
Recent down candles have occurred with high volume, suggesting that buyers are absorbing selling pressure.
This behavior often precedes upward movements, as strong hands accumulate shares during pullbacks.
Monitoring for a potential breakout if buying pressure continues.
Not financial advice – just my technical observation.
#BAC #BankOfAmerica #TechnicalAnalysis #EMA200 #VolumeAnalysis #StockMarket #TradingView
Price is above the 209-WEEK EMA, indicating a bullish trend.
Recent down candles have occurred with high volume, suggesting that buyers are absorbing selling pressure.
This behavior often precedes upward movements, as strong hands accumulate shares during pullbacks.
Monitoring for a potential breakout if buying pressure continues.
Not financial advice – just my technical observation.
#BAC #BankOfAmerica #TechnicalAnalysis #EMA200 #VolumeAnalysis #StockMarket #TradingView
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.