BAC is in uptrend, coming from a wedge breakout and has just broken + retested the H4 SMA near its confluence zone. MACD is signaling a buy setup with a smooth divergence. The asset is not overbought and has a value in the longer run. Nice R/R with 2,6:1. In case of further bull mood in the markets it can reach the daily 200 SMA + strong supply zone.
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.
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.