BAC($BAC) : Bullish Triangle Chart Update (ii)

Bank Of America Corp. (BAC)ii:

Support : $7.00
Pattern : Bullish Triangle pending breakout.
Indicators : i Price/Stochastics Bullish Divergence.
                   ii. Slow and Fast Stochs diverging.
                      [Longer term up, Immediate term down : Correction in progress.]

Slow Stochs holding steady at 36 over a 25 days observation period.
Fast stochs (14days) which is also the start of "A" is pointing southward indicating a down wave.
Possibly corective wave within the larger UP wave.




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