CFD Trading – Sell Bank of America Corp (BAC.NYS) @ $44.92. Stop @ $46.70 and Target @ $40.42.

Bank of America Corp Stock Code BAC.NYS


Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Price also broke below a V-shaped Ichimoku reversal, hinting at a change in trend. Price closed a gap, confirming the bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is in the bullish zone but has a bearish crossover, hinting at a bearish price trend ahead. There was also a MACD divergence warning of a potential price high earlier. We think price is likely to move lower to the next price support at $40.42 in the next 2-3 weeks.


$44.92                Sell

$40.42                Price Target

$46.70              Risk Management Stop

3 weeks             Trade Duration

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