$BAC
Added 2023-10-16 19:51:43 +0000 UTC$BAC's chart is as textbook as they come, 5 perfect waves up to $50 and 3 perfectly proportional ABC waves down and the price is between the 0.618 and 0.78 Fib right now.
The 0.78 Fib is at $24.89, the price got as low as $25.50, so it is hard to say that the bottom is in now but it has come very close.
Dividend yield here of 3.6% too.
$BAC is not the same as $JPM, who looks incredibly strong but there is no denying how attractive $BAC looks here and its standing in the financial market.
Comments
So, then the next stage is making higher/lower lows and waiting for reversal, right? I am new here and trying to learning
Vojtěch Šimeček
2023-10-16 20:53:57 +0000 UTC
