Watch the Ascending Triangle on BAC closely. Trade with professional charting tools.
Bullish continuation pattern.
Technical analysis of Bank of America (BAC) reveals a significant setup. The stock is trading at $56.2, down 0.58% on the day. The primary technical feature is a Ascending Triangle formation. Volume is strong (1.77x avg) with high trend strength (66.6). A potential breakout level is identified at $57.98, targeting $66.91 with support near $53.32 (R:R 1.92).
What is your outlook on BAC?