BAC: Bank On It
Image Source: Pexels
Bank of America (BAC), shown below, neatly captures what is going on. On the one hand, there have been core breakdowns to major support objects. On the other hand, in recent days, there have been so-called bargain hunters bidding up the stock. My point is that the broader trend will regain control in short order.
(Click on image to enlarge)
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
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