BAC - SHORT TERM CORRECTION
Shares of Bank of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market. The performance of the stock was mixed when compared to some of its competitors
In a short term, a correction is expected to the 0.5 Fibo level with a $34 price target. Further correction is possible as well. 2nd support is located at $31.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
In a short term, a correction is expected to the 0.5 Fibo level with a $34 price target. Further correction is possible as well. 2nd support is located at $31.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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.