BAC on Radar

BAC on Radar

If you followed me then you know I sold my BAC position earlier this week at 15.15. I was expecting a SPY pullback so I sold, but I was also wary of BAC's earnings report which came out this morning and missed. BAC is now set to gap down and open at support from trendline A. Trendline A is the downtrend line that BAC broke through earlier this week. I am going to buy back a small position of BAC at this price level, with the intention of buying a huge position if BAC hits 14.1 again.

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