BAC had a strong day yesterday that confirmed the break out last Tuesday along with the financial sector. I don’t see any significant supply in the chart until about $16.80 or so with my ultimate target of $20. Keeping my long position and moving my stop loss order to just below my entry.
Writing the outcome of all my trades along with market conditions in my trading journal helps me identify high probability trades. And most importantly how to manage risk.
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- BAC Weekly Chart
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- BAC Daily Chart
