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[QUOTE="Antony_NPBFX, post: 216470, member: 38727"] [size=5][b]Bank of America Corp.: technical analysis 06.01.2023 [/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex.com] NPBFX[/url] offers the latest release of analytics on Bank of America Corp. for a better understanding of the current market situation and more efficient trading. Shares of Bank of America Corp., the largest financial conglomerate in the US, are moving within a corrective trend at 34.00. On the daily chart, the price is within the global Expanding formation pattern with the boundaries of 28.00–40.00, developing another downward wave. The four-hour chart shows that the current wave is the fourth within the pattern, which practically guarantees that it will reach last year's low at 29.30. The local growth prospects are not high, as the resistance level at 35.00 looks quite solid. Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is forming new bars in the sell zone. [img]https://i.ibb.co/y6mhQ0Y/BAC-060123-11.png[/img] [b]Trading tips[/b] Short positions may be opened after the price drops and consolidates below 33.00 with the target at 29.70. Stop loss — 34.00. Implementation period: 7 days or more. Long positions may be opened after the price rises and consolidates above 34.80 with the target at 38.00. Stop loss — 33.00. [b]Use more opportunities of the NPBFX analytical portal: analytics[/b] You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on Bank of America Corp. and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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