Bank of America

BAC

58
Bank of America formed a morning star pattern, which is a bullish price action. It’s MACD is also showing a bullish momentum and prices just went above the EMA20. Hence prices could rally towards the $34 resistance, with next resistance at $35.41. Alternatively, a daily close below the morning star low of $29.67 could present short selling opportunity with a potential retest of either $28.00 or 26.30 support.

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