Bank of America: ⬆️ Buy
– Bank of America rising inside impulse wave 5
– Likely to test resistance level 57.00
Bank of America recently broke the resistance zone between the resistance level 53.4 (which stopped wave (b) in January) and the 38.2% Fibonacci correction of the previous ABC correction 2 from the start of January.
The breakout of this resistance zone accelerated both of the active impulse waves 5 and (3).
Given the strong daily uptrend, Bank of America can be expected to rise toward the next strong resistance level 57.00 (which stopped wave 3 at the start of January).