Bank of America faces Upcoming Backtest

Bank of America faces Upcoming Backtest

A reader requested a chart for Bank of America, here's my technical analysis:

BAC looks good with the W reversal, however BAC faces an upcoming backtest of trendline A. I expect BAC to continue upwards to ~16.2. When it first tests trendline A it should pull back to 16. If BAC holds above 16 then it has a good shot of breaking through trendline A on the second attempt and reaching 17.35

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