Home > heikin-ashi > Is Bank of America Ready to Explode? $BAC

Is Bank of America Ready to Explode? $BAC

November 29, 2012

The month is not over yet but there are two negative signs:

  1. A negative divergence price :: haDelta
  2. haDelta crossed below its SMA(3)
  3. A very thick Ichimoku cloud ahead for the next 26 months

2. may change during the next two days but 3. remains huge resistance.

 

 

The daily chart shows haDelta near support, ready for a bounce.

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