Alright, so I’ve been doing some chart work on $BAC, and I’m seeing a bit of a mixed picture here. The stock is bouncing off the 200-day MA, which is usually a good sign, but the price action has been kinda sideways for the last couple weeks. What stands out to me is the resistance around $35 – if it can break through that, we could be in for a nice run, but if it gets rejected again, I’m expecting another dip towards $32 or even lower.
I’m not touching this one until it either clears that resistance or shows clear signs of turning around after a pullback. If you’re swing trading it, watch that level closely.
Also, for those of you looking for something more volatile, I’ve been tracking $BOLT too. It’s got some interesting chart patterns and could be ready for a breakout. If $BAC stays sideways, maybe $BOLT is where the action is. Anyone else tracking that one too, or is it just me?