Bank of America
Long
Updated

$BAC pass $30 EOW

186
I'm seeing BAC give 2 attempts on breaking out of an ascending triangle. Was the breakout successful? Judging by the throwback and bouncing off support (old resistance) it would seem it on it's way to pass $30. Yes yes i spotted a cup and handle as well and the oscillators look bullish too.
Note
It didn't take off as expected and entered a consolidation. Given this failure, the present climate, and the pandemic looming for another year i am now bearish. Seems like iron condors might be the play for the week.

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