On BAC it broke through the flag 1 hr 30min ago so their still seems to be some bulls in this one.
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Strong stocks
- Thread starter cybercash28
- Start date
17.55 new resistance level for now
RTN LLL hod...
NTRI: triple top b/o..expanding to japan..are japanese heavy on shushi???
BAC falling below resistance it looks to be forming a Cup and Handle formation on the daily chart.
Now a falling star has just formed, looks like bears are stopped in their tracks.
Falling star formation has broke, and now it looks that the new support is at 17.50
BAC stock rebounds from 17.50 support level current price 17.54
BAC support at 17.50 has been hit again
Rebounds from 17.50 to 17.52, bulls losing strength or scalpers just jumping in and out? We'll find out soon...
17.52 to 17.555 looks like scalpers are coming in for a price target of 17.60
Now it's 17.52 scalpers fall back from 17.55, for profit taking
On 3-minute interval daily chart we've formed a double long tail falling star, bearish scalpers are falling back anticipating a cup and handle move apparently.
Nope, maybe not, the bears are managing to push it occasionally below the 17.50-17.49
But now it has just rebounded above support yet again to 17.55
The Bid to Ask ratios are the same and constant profit taking at 17.50 to 17.55 from scalpers trying to make 5 cent profits keeping BAC on a side way pattern for now.
A break above 17.55 to 17.57-17.58 currently and it seem that the 3-minute day chart's cup and handle formation is steadily moving the scalpers to trade at a 17.55 to 17.60 range.
It's holding steady at 17.58 with more bidders than askers. Looks like more bulls want to join the party. Seem they caught headwind of the chart pattern.
17.61 the stock has broken previous resistance at 17.60 looks like the bullish scalpers have made quick profits and they aren't profit taking for now.
BAC is now at 17.62 it's steadily making increases and most probably the scalpers are making their range 17.60 to 17.65 we're nearing the day's high at 17.72 let's see what happens.
BAC is now trading at 17.64 the climb is continuing... However we have hit 17.65 and now the Bids are much smaller than the asks. The demand has gone down and it looks like it will retreat from 17.65 to 17.61-62 for now.
The cup and handle is now official and resistance level at 17.64-65 is starting to slow down the advance. Not that it matters scalpers are taking their profits between 17.60-65
BAC is testing 17.65 and more people are selling then buying looks like we're heading for a pull back to 17.60 again.
Wrong, apparently we're going to 17.68 and now we're just 4 cents away from 17.72 the days high. I think scalpers are aiming for 17.65 to 17.70 for the meantime. Since the resistance their will be strong the cycles from 17.65 to 17.70 should hold up for 5-10 mins.
BAC has just made new highs the cup and handle not only ensured the bulls that they can not only hit resistance but make a new high.
Looks like the scalpers jumped ship at 17.74 and the stock is now at 17.68 the range is now at 17.65 to 17.70 again. Let's see if the Bulls can go for another run to higher highs for the day again.
Wow the bulls are testing it at 17.70 again right now will they have the momentum?
The scalping range has been tightened to 17.68 to 17.70 for right now... I don't know If I would walk in and out with only 2 or 1 cents. Either it will break at 17.68 or pull above 17.70 we shall see....
Just as expected 17.72 has been hit yet again, moving higher? Maybe but the range for scalps is now at 17.68 to 17.72 more room for going in and out.
The Bid and Ask ratios are leveling out at 17.71 to 17.72 this means that traders are accumulating near the highs and assuming that we will go even higher.
Now a falling star has just formed, looks like bears are stopped in their tracks.
Falling star formation has broke, and now it looks that the new support is at 17.50
BAC stock rebounds from 17.50 support level current price 17.54
BAC support at 17.50 has been hit again
Rebounds from 17.50 to 17.52, bulls losing strength or scalpers just jumping in and out? We'll find out soon...
17.52 to 17.555 looks like scalpers are coming in for a price target of 17.60
Now it's 17.52 scalpers fall back from 17.55, for profit taking
On 3-minute interval daily chart we've formed a double long tail falling star, bearish scalpers are falling back anticipating a cup and handle move apparently.
Nope, maybe not, the bears are managing to push it occasionally below the 17.50-17.49
But now it has just rebounded above support yet again to 17.55
The Bid to Ask ratios are the same and constant profit taking at 17.50 to 17.55 from scalpers trying to make 5 cent profits keeping BAC on a side way pattern for now.
A break above 17.55 to 17.57-17.58 currently and it seem that the 3-minute day chart's cup and handle formation is steadily moving the scalpers to trade at a 17.55 to 17.60 range.
It's holding steady at 17.58 with more bidders than askers. Looks like more bulls want to join the party. Seem they caught headwind of the chart pattern.
17.61 the stock has broken previous resistance at 17.60 looks like the bullish scalpers have made quick profits and they aren't profit taking for now.
BAC is now at 17.62 it's steadily making increases and most probably the scalpers are making their range 17.60 to 17.65 we're nearing the day's high at 17.72 let's see what happens.
BAC is now trading at 17.64 the climb is continuing... However we have hit 17.65 and now the Bids are much smaller than the asks. The demand has gone down and it looks like it will retreat from 17.65 to 17.61-62 for now.
The cup and handle is now official and resistance level at 17.64-65 is starting to slow down the advance. Not that it matters scalpers are taking their profits between 17.60-65
BAC is testing 17.65 and more people are selling then buying looks like we're heading for a pull back to 17.60 again.
Wrong, apparently we're going to 17.68 and now we're just 4 cents away from 17.72 the days high. I think scalpers are aiming for 17.65 to 17.70 for the meantime. Since the resistance their will be strong the cycles from 17.65 to 17.70 should hold up for 5-10 mins.
BAC has just made new highs the cup and handle not only ensured the bulls that they can not only hit resistance but make a new high.
Looks like the scalpers jumped ship at 17.74 and the stock is now at 17.68 the range is now at 17.65 to 17.70 again. Let's see if the Bulls can go for another run to higher highs for the day again.
Wow the bulls are testing it at 17.70 again right now will they have the momentum?
The scalping range has been tightened to 17.68 to 17.70 for right now... I don't know If I would walk in and out with only 2 or 1 cents. Either it will break at 17.68 or pull above 17.70 we shall see....
Just as expected 17.72 has been hit yet again, moving higher? Maybe but the range for scalps is now at 17.68 to 17.72 more room for going in and out.
The Bid and Ask ratios are leveling out at 17.71 to 17.72 this means that traders are accumulating near the highs and assuming that we will go even higher.
Wow, BAC stock is easy pickings for scalpers. :eek:
DNDN..hod..something cooking.
LMT..still on the move..up!
People are testing 17.73 to 17.74 the market's moving against the same resistance level for the second time with the scalpers be able to make even more profit at a leg up to 17.74 to 17.80 we shall see..
Nope it's backing down to 17.73-72 scalpers are profit taking at the 17.73-74
To bad, looks like we'll be in the 17.70's range for a bit longer.
Less bids more asks looks like scalpers want to walk away and take a break. Hoping for 17.70 or 17.68 levels to come back so they can make a quick buck when it goes to 17.74 again.
The scalpers are backing down to 17.70 and getting ready to buy more shares at the new level at 17.70-68
17.68 is the current price everything is going as expected
17.67 is now the range. Scalpers are most likely shorting all the way down to 17.65 before they cover.
at 17.65 their are more bidders than ask's. Looks like we'll be bouncing off of this level.
Stock rallied 4 cents to 17.69 looks like I was right yet again. More profits making for the scalpers who went in at 17.65-66
The new scalping levels seem to be at 17.70-17.65 for now this will probably hold up for the next 3 minutes before they test 17.65 into going into 17.60. Or they will rest 17.70 into going into 17.80
The DOW index has turned positive and bulls are coming in towards the end of the trading session. 1 hr left and it seems that people are going to readjust and most likely to the upside. Buckle your seat belts my guess is we're going higher.
This cup and handle position is working out as planned normally when your in a cup and handle when things break out above previous levels we hit a minor pull back and then we continue to a major new high. Especially on the last hr of the trading session. The DJI is pointing up and people are repositioning to take positions overnight on the long side not the short.
17.60 is being tested and we're going to go back up to 17.65
People are buying into the dips to hold these overnight positions now. Expect more dips and more buyouts at dips at 17.60 and higher.
Stock is currently priced at 17.63-64
Broke out above the 17.65 level and now it's at 17.67
It seems that we're still on an uptrend with BAC we're making higher lows
we have now just hit 17.70, BAC is climbing and it's going to be climbing fast we're on the last hr of the trading session.
Scalpers are most likely looking into the 17.70-75 range to make quick bucks right about now.
I'm not sure if this is good news but financial reforms aren't happening this year. Might be another reason why BAC is climbing
Nope it's backing down to 17.73-72 scalpers are profit taking at the 17.73-74
To bad, looks like we'll be in the 17.70's range for a bit longer.
Less bids more asks looks like scalpers want to walk away and take a break. Hoping for 17.70 or 17.68 levels to come back so they can make a quick buck when it goes to 17.74 again.
The scalpers are backing down to 17.70 and getting ready to buy more shares at the new level at 17.70-68
17.68 is the current price everything is going as expected
17.67 is now the range. Scalpers are most likely shorting all the way down to 17.65 before they cover.
at 17.65 their are more bidders than ask's. Looks like we'll be bouncing off of this level.
Stock rallied 4 cents to 17.69 looks like I was right yet again. More profits making for the scalpers who went in at 17.65-66
The new scalping levels seem to be at 17.70-17.65 for now this will probably hold up for the next 3 minutes before they test 17.65 into going into 17.60. Or they will rest 17.70 into going into 17.80
The DOW index has turned positive and bulls are coming in towards the end of the trading session. 1 hr left and it seems that people are going to readjust and most likely to the upside. Buckle your seat belts my guess is we're going higher.
This cup and handle position is working out as planned normally when your in a cup and handle when things break out above previous levels we hit a minor pull back and then we continue to a major new high. Especially on the last hr of the trading session. The DJI is pointing up and people are repositioning to take positions overnight on the long side not the short.
17.60 is being tested and we're going to go back up to 17.65
People are buying into the dips to hold these overnight positions now. Expect more dips and more buyouts at dips at 17.60 and higher.
Stock is currently priced at 17.63-64
Broke out above the 17.65 level and now it's at 17.67
It seems that we're still on an uptrend with BAC we're making higher lows
we have now just hit 17.70, BAC is climbing and it's going to be climbing fast we're on the last hr of the trading session.
Scalpers are most likely looking into the 17.70-75 range to make quick bucks right about now.
I'm not sure if this is good news but financial reforms aren't happening this year. Might be another reason why BAC is climbing
LMT..over $80