Great opportunity for long term investors in BANK of AMERICA

The second largest American bank has been spotted at a 61.8% retracement of its impulse wave up in march 2020. Moreover the stock has completed an entire zig zag(according to Elliot wave theory or simply ABC correction) from 2021 till date.

The wave 3 target for the stock in the 3-5 year term turns out to be around $68.

Yorum:

The impulse seems to have begun on a smaller time frame