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andrew.berg

BAC continuation move, weakness after H&S resolved to downside

Short
Bank of America (NYSE:BAC)  
andrew.berg  
NYSE:BAC   Bank of America
financials BAC Head and Shoulders gap Earnings break breakout breakdown
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financials bac headandshoulders gap earnings break breakout breakdown
Banks also continue to look very weak as Bank of America (BAC) broke lower out of a lower level consolidation. The stock gapped down on it's earnings. Now we have point of reference at $14.71, if it will go through previous low of the day I will be considering Short option. Resistance at $14.86 then $15.00, if price will pullback to that area I expect to see some selling. Overall, financial sector shows relative weakness vs broad market and with futeres down we can see some continuation move down in this sector.

Idées en relation

andrew.berg
XLF showing relative weakness, diverggencie
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