This week’s Equity focuses on Bank of America (BAC). Last week’s instructions were to wait for the gap to fill before getting into the long trade, but the stock rallied this week, and almost got away from us. As I’ve mentioned before in many trade alerts, gaps fill about 80% of the time. The great thing about this stock is that it looks like the gap will be filling to the downside. What’s even better than that is that the stock gapped down today, leaving us in a good place to buy.
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