CFD Trading – Buy Bank Of America Corp. (BAC.NYS) @ $33.65. Stop @ $32.30 and Target @ $36.70.

Bank of America Corp Stock Code BAC.NYS


Price reached a high on 16 August at $ 36.70 and has been on a decline since that high. The decline was supported by the cloud, keeping the uptrend intact. The low was just above at the Fibonacci 62% of the price advance from $29.31 to $36.70, keeping the bullish trend intact as well. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD remains bullish. If price is able to stay above the cloud, it could be heading higher towards the previous high at $36.70.


$33.65                Buy

$36.70                Price Target

$32.30                Risk Management Stop

3 weeks              Trade Duration

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