$BAC
Added 2024-01-12 21:15:44 +0000 UTCLike clockwork, we spoke about this during the week, with such a strong run up before a catalyst like an earnings report (or a BITCOIN ETF) there is going to be a buy the rumour, sell the news event.....which is why we watch the movement of bounces to see when a pull back is due.
You can also see how far above the 200 and 50 Day MA the price action has extended to show that a pull back is due too.......the price moves close to these averages, when there is breadth, there will be a pull back.....look at any chart and you'll see this.
A pull back to the Green Fibs as shown and this could be an attractive buy.
