On November 29th I sent out an alert to buy Bank of America at $9.76 after the technical charts gave us a sign that the stock was ready to breakout into higher territory. As we look back on the price history you can see that BAC did exactly that. However, the charts are now telling us that it’s time to take a profit. The volume is slowing down, which is a sign that the buyers are getting tired and the spinning top candle patterns are a sign of indecision.
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