By Licia Leslie
December 22, 2024
Hi Shoppers,
Bank of America (Ticker: BAC) has a possible bullish engulfing candle denoting a change in this downtrend:
And it coincides with the support of my pitchfork.
Now as always, we wait for the confirmation of BAC trading higher, $44.66, for at least an hour on Monday morning before hopping into those calls.
Which calls do you ask?
I like the Jan03 44.50 calls.
My price target in BAC is $47 which will take these calls up to $1.50.
Trade Review
Nvidia (Ticker: NVDA) is consolidating right around that neckline level and needs to move away to show us the next direction it is going to take.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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