Thursday, January 19, 2012

19th Jan 2012 – Pattern Study – Surprise?

Ticker:

 

  1. BAC

 

Topic:

 

  1. Is it really a surprise?!

 

Lesson Learnt:

 

  1. Is this earning announcement really come as a surprise? I don’t think so.
  2. Look at the daily chart, you can tell that a triple bottom has formed at around $5.00 - $5.50.
  3. I am glad I am in there and looks like this will be a longer term trade.    ;-)

 

Intraday Chart

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Historical Chart

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