its on a downtrend. it broke out of the downtrend line today(with some vol.), positive sign.
as you can see, the 10dma is just below it.
More importantly, its gonna test the 50dma(16.57). Bro, if it breaks thru that and the recent high of 16.62, the next test is 17.90ish.
If i was holding BAC and I get a BO off the above levels, I would sell 1/2 and hold the rest to see if it hits the 17.90ish levels. If at any time you go more than .10 below the 10dma get the fuck out.
....be seeing you
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