Bank of America Corporation Stock Code BAC.NYS
Price broke above its recent high in the previous trading session and in the process also created an Ichimoku V-shaped reversal, which has a price target at $54.24. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the Ichimoku V shaped price projection target at $54.24 in the next 2-3 weeks.
$54.20 Price Target
$46.10 Risk Management Stop
3 weeks Trade Duration