Bank of America (BAC) technical preview March 19, 2015

Looks like a symmetrical triangle is forming for BAC shares. We will have to wait which side the breakout will occur before we commit. Fears about higher interest rates in the US are negative for the financial sector, so we may see a continuation of the January move which was down.

BAC daily chart (6 months):

bac

Chart courtesy of http://www.StockCharts.com

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