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Sunday, February 12, 2017

Technical Analysis chart - The Bank of America Corp has run more than 30% ..

Technical Analysis charts - BANK of AMERICA

The banking sector is one of the most benefited sectors after the election of the American President Donald Trump. The Bank of America Corp has run more than 30% of the vote. The Bank Group has announced its fourth quarter earnings 40 cents per share on revenue of $ 19.99 billion. Also analysts expect strong annual growth, with the group to see an increase in the issuance of credit cards in 2016, while mortgage loans increased in 2016 by 29 percent by 2015. 


But let's take a look at the movement of the stock ..


The share after a long time at the level under 14 $ after the presidential election broke the upward long-term resistance of $ 18.40 and is moving to a record having achieved a high of $ 23.55 .. 

There after the stock rotates around these price levels above the block EMA 9 and 21 to 22.90 $ .. the support is located initially in the diagonal 22.38 $ before strong EMA 50 to 20,099. 




The indicator fast stochastic after voltage alternations movable neutral value band prepares to give another anodic wave to the resistance of 23.40 $ with potential target the diagonal at $ 23.80 .. The indicator MACD but still maintains the output signal .. although now has entered into support levels ... recalling the high risk as the stock moves in price levels super purchased ...


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