Bank Of America Corp (BAC) 2 Day Down Streak Snapped, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
This is the 2nd hour in a row bac has seen its price head down.
Last Updated January 11, 2021 at 12:25 GMT
The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Tesla Inc, Nvidia Corp, and PayPal Holdings Inc. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
This is the 2nd hour in a row bac has seen its price head down.
This move happened on lower volume, as yesterday’s volume was down 18.63% from the day before — and down 6.35% from the same day the week before.
The change in price came along side change in volume that was down 56.09% from previous day, but up 10.41% from the tuesday of last week.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This is the 2nd straight hour ba has seen its price head down.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Buffet is loaded, he can gobble up the shares in minutes.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
As long as the global economy remains constrained, demand for energy is going to be weak and volatile," he projected.