Bank of America continuing higher today

Posted on January 15, 2014 by Stock Trade Journal

Bank of America (BAC) is set to open higher today and continue its ascent. It is a classic stair step pattern where it consolidates after a break out only to regain momentum and continue its way up. I’ve been involved in this trade since around $15 with a price target of $20 and an ATR based trailing stop to keep me out of trouble.
Writing about both successful and failed trades in my journal has helped me identify and quantify risk and opportunity in the market.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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