Trader tolits had a good run with BAC recently. I trade BAC very frequently. Here are my buy orders for next week. Currently, I am long BAC at $11.30. While trader tolits thinks that I am long BAC at $12.50, do remember that I said that I had revised my BAC buy order downwards due to the recent events that have taken place. I took the opportunity to sell BAC when it released its earnings.
Now aside from those stuffs… here is my BAC technical watch again. BAC seems to be continuing its downtrend. Traders successfully shorted BAC at its 20MA line. However, I strongly believe that any pullback will present a good buying opportunity.
BAC may experience some panic sell off, and if the market corrects (depending if it wants to), BAC may experience a panic jolt and the stock may quickly rush to this shorting target level at $10.75.
This is why I will be placing an order at $10.8. I will also place a few at $11 incase bac choose to create a double bottom.
Be disciplined in trading, and it will pay off eventually.
TOLITS recommendations for those who would like to track him too. He’s pretty good.
BUY MOT @ $8.10
SELL AAPL
Please recommend more good plays, I am more than happy to act on some of them too if it fits my trading strategy.
1 comment:
My recommendations of BAC wait to lower the volume and that's the time you will be benefited. I sell this for 50 days moving average from the original time that I bought. 1/3 of my shares is already sold @ 11.60. 2/3 still on the market. Happy trading.
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