$BAC
Added 2023-10-27 15:21:08 +0000 UTCI think we are getting to a our very important point for Banking stocks now shortly.
$BAC keeps getting rejected by the moving averages and lately it has been the 50 Day MA which has been causing the most amount of problems.
$BAC is fastly approaching its 0.78 Fib and it will need to start showing support very soon. Below the 0.78 Fib and the chart is showing a lot of weakness......the Covid Low level is at $18, so if the 0.78 Fib is not held.....we can not rule this out going all the way down to $18.
This would not be a good situation for all finance related stocks.
