Trading idea for Bank of America Corp. (NYSE)
#BAC
The trend is ascendant. The descendant wave structure of the H4 level is truncated. The mirror level of 34.26 restrained sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is under the mirror level 34.26.
Target levels: 40.20; 43.55.
