Chartwork on BAC (by Mike Paulenoff)

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Since its Dec 5 high at 5.95, BAC has been in a bullish coil pattern that argues for upside continuation. Next up:  Confrontation with BAC's six-month down trendline, now at 6.13.  A hurdle of this level should trigger upside continuation and acceleration towards 7.00.

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Originally published on MPTrader.com.

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