Watch the Rounding Bottom on BAC closely. Trade with professional charting tools.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bullish continuation pattern.
Market participants tracking Bank of America should note the latest formation. Price has moved to $51.21 (-0.05%) amidst recent volatility. Algorithmically, a Rounding Bottom structure has completed. Volume is average (0.38x avg) with moderate trend strength (24.7). A potential breakout level is identified at $55.4, targeting $64.68 with support near $50.76 (R:R 2.0).
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