Demo mode

TECH Buy 04.05.2021 07:24

Bank of America Corp.: wave analysis

The price may grow.

On the daily chart, the third wave of the higher level (3) forms, within which the wave 3 of (3) developed. Now, a local correction has formed as the fourth wave 4 of (3), and the development of the wave 5 of (3) has started. If the assumption is correct, the price will grow to the levels of 44.50–47.00. In this scenario, critical stop loss level is 37.66.