Chart of the Day: Potential Breakout in Bank of America

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Bank of America has been grinding higher as the broader market falls, and some traders may expect an acceleration to the upside.

The first pattern on today’s chart is the series of lower highs since early January. The lender ended yesterday above that falling trendline. It also registered its highest closing price in almost four months. Those signals could suggest prices are ...

For more, please click here to view the related idea and chart analysis on TradingView.

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Bank of America (BAC), daily chart, with select patterns and indicators, courtesy of TradingView.

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