Seeking Alpha

StockConsultant's  Instablog

StockConsultant
Send Message
Web based stock technical analysis tools since 1999. Specializing in breakout and momentum stock ideas. Articles are opinions only and NOT investment advice.
My company:
StockConsultant.com
My blog:
  • Bank Of America Corp (BAC) Confirmed Breakout Above 13.15 0 comments
    May 14, 2013 10:57 AM | about stocks: BAC

    A confirmed breakout to new highs after a week long bull flag formation.

    Breakout Details

    BREAKOUT CONFIRMED breakout above 13.15, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 14.01, 5.6% Stop: 12.99, Loss: 2.1%, Profit/Loss ratio: 2.7 : 1 - Good

    Support and Resistance

    CURRENT PRICE 13.27, just above resistance, 12.96 ± 0.19, type double, strength 9

    RESISTANCE ABOVE None.

    SUPPORT BELOW -2.3% at 12.96 ± 0.19, type double, strength 9
    -7.3% at 12.3 ± 0.18, type triple+, strength 10
    -10.8% at 11.84 ± 0.18, type triple, strength 9

    (click to enlarge)BAC stock chart

    Source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BAC

Back To StockConsultant's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.