Monday, June 25, 2012

BAC chart Request

I'll be following this up with Financials, after all, the market, then the sector have the most influence over most stocks on any given day.

 1 min BAC seems to be mostly in line, slight positive today

 Since the same pullback signal I saw for the market last week, BAC's 2 min chart is leading positive in a flat trading range today

 The 3 min chart which has been largely in line with price is in a leading positive position as it did not move lower to confirm the gap down today.

 The 5 min with the signal for a pullback from last week and the 5 min in leading positive position.

The 15 min chart has largely been in confirmation of the trend, today's gap down was not confirmed by 3C, therefore the 15 min chart is in leading positive position.

It would seem to me the pullback signal we saw last week was intentional and is being used to pick up some shares on the cheap as well as set  a number of bear traps.


No comments: