Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

Search This Blog

Wednesday, February 15, 2012

Bank Of America: bulls are weak

Bank of America shares failed again to reach the $8.40 target and dropped by more than 3.00% on Tuesday’s session.
The first target on the eventual correction stands at $7.65 and the Greek problems could influence the whole market, including the banking sector.

For those who bought at the break of the falling wedge (http://markettechnicalview.blogspot.com/2012/01/bank-of-america-broke-important-trend.html) a profit taking would be advisable.


Posted by Adrian Filip at 4:24 PM
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)