Bank of America (BAC) broke out from a triangle pattern last Tuesday with a very strong follow through Wednesday. It pulled back a bit Friday but held above $17.20 that was prior resistance in January. I expect some consolidation to take place here before it resumes higher. My target is $20.
BAC Daily Chart
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.
