Bank of America (BAC) has clearly defined a primary descending BLUE channel, followed by a secondary ascending TEAL channel. Price has now settled below the TEAL support structure by 1%+. I've identified my desired entry, stop loss and limit target below.
The 50 day SMA is trending below the 200 day SMA ... The 20 day SMA is trending below the 50 day SMA ... Price is below all 3 SMA's
The 50 day SMA is trending below the 200 day SMA ... The 20 day SMA is trending below the 50 day SMA ... Price is below all 3 SMA's
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.