$BAC
Added 2024-01-11 20:16:40 +0000 UTCThe majority of all the largest banks in the US will report their earnings tomorrow which is the start of the earning season.
We can see that $BAC and $JPM have run very strong leading to their earnings tomorrow which is a red flag to me.
I believe a pull back is needed here but whether this Wave 1 is complete now is not confirmed yet, it may run to the top blue line at $38 if the report is a strong beat.
That being said, it may start pulling back from tomorrow, so I have added in the green support levels, paying particular attention to where the 50 and 200 Day MA are.
If you missed $24, this may be one to watch.
Comments
$38, updated
Gareth Neary
2024-01-12 04:39:34 +0000 UTC38 or 33?
Etagegn
2024-01-12 03:54:12 +0000 UTCCan you please share Longer term count in BAC ? Thanks
Gagan Singh
2024-01-12 01:28:47 +0000 UTC
