BAC Should Bounce at 14.1

BAC Should Bounce at 14.1

Bank of America is approaching a strong support level at 14.1. I am already long BAC but I am going to hold my nose and buy more at 14.1. Trendline A is a major year long trendline and I am surprised BAC dropped through it so easily. I expect at least a short term bounce at 14.1

Trendline B (uptrend) has clearly been broken. BAC has to break trendline C (downtrend) to make a significant upside move.

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