Bank of America Short signal
Updated
Triangle has been completed for BAC since the beginning of the year. Price broke MA 200 which has represented a prominent support so far. MA 50 and MA 200 are close to each other. MA 20 broken with volatility stop on negative configuration. Due to the restricted volatility accrued since the beginning of the year strong price movement will be expected!
Trade closed: stop reached
Stop loss hitten after earnings release. Quite an hard trade to be honest. Now price has broken the upper trendline, hence a new possibility for long positions. Test of MA 200 test and MA 50 positive
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