TECH Buy 25.06.2024 08:31
Bank of America Corp.: wave analysis
Growth is possible.
On the daily chart, a downward correction ended as the second wave of the higher level 2, within which the wave (C) of 2 formed, and the third wave 3 develops. Now, the third wave of the lower level 3 of (1) of 3 is forming, within which the wave v of 3 of (1) is developing. If the assumption is correct, the asset will grow to the levels of 42.50–45.00. In this scenario, critical stop loss level is 38.40.
Indicators
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy