Over the past couple of years, BAC has been the slow but steady position trading stock that always manages to get from its lower channel line to its upper channel line eventually.
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Its most recent wave up appeared to be well on its way but it stalled two thirds of the way up. There is debate whether this is consolidation into a bull flag or BAC may actually be starting a downhill channel out of this red channel. The weekly chart doesn't give any clue either way.
Trade well my friends
Alan
