Growth is possible.

On the daily chart, a downward correction ended as the second wave of the higher level 2, within which the wave (C) of 2 formed, and the third wave 3 started. Now, the third wave of the lower level 3 of (1) of 3 is developing, within which the local correction is forming as the wave iv of 3 of (1). If the assumption is correct, the asset will grow to the levels of 40.00–41.00. In this scenario, critical stop loss level is 35.32.

Shares of Bank of America Corp., one of the largest banks and research agencies in the United States, are trading at 37.00.