Stock Trading Analysis: Bank Of America (BAC)

Stock trading analysis on Bank of America (BAC) is key to finding the spot to buy this beaten-down bank. Bank of America has fallen from near $36 to $31 in just days as the stock market collapses on coronavirus fears. Based on hardcore technical analysis, the buy level is $30. This is a retrace to a major breakout zone, also known as the ‘scene of the crime’ retrace.

Investors should be patiently waiting for the $30 level to arrive to buy. Once there, start accumulating slowly as panic can cause levels to overshoot slightly. This is the key stock trading analysis for investors and stock traders looking to buy into Bank of America stock.

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