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Trading idea for Bank of America Corp. (NYSE)

#BAC

The trend is ascendant. The descendant wave structure of the H4 level is truncated. The mirror level of 34.26 restrained sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined …

Saudi Aramco posts a record Q1 profit

News of the day, Tuesday, May 17

The trade surplus in Indonesia jumped to a record high of $7.56 billion in April, as exports rose sharply and imports rose much slower than expected.

JetBlue launched a hostile all-cash takeover bid for Spirit Airlines two weeks after the carrier rejected an …

Gold analysis

Yesterday, gold traded positively and rebounded to the upside, and was able to reach the resistance 1827.20, which constitutes the upper limit of the descending channel shown in the chart. Therefore, the price is considered to have achieved all its short-term targets. Therefore, the bearish trend scenario will continue as …

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