Breach of important price line imminent by Bank of America

Bank of America is moving towards a line of 37.79 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Bank of America continues in its current trajectory, we may see it move towards 37.79 within the next 13 hours.

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