THE STIMULUS MONEY ISN’T GOING TO BE SPENT, BANK OF AMERICA SAYS
Bank of America DOWN 2.18% AT 36.32
Bank of America’s research investment committee say it won’t, and brings some new data to the table. First, it cited data from the Census Bureau showing that of the households who received a $600 stimulus check in the first half of February, 73% saved or paid down debt. Consumer credit also unexpectedly fell in January.
On technical fronts Bank of America RSI stood at 62.55 and currently stock is trading above all Moving Averages. So, BUY position can be taken with following target and stoploss.
TRADE SIGNAL -: Bank of America – BUY: 36.32, TARGET: 36.72, STOP LOSS: 35.95
Checkout the full report here
https://www.capitalstreetfx.com/en/the-stimulus-money-isnt-going-to-be-spent-bank-of-america-says/
#BOA BankofAmerica #Tradesignals #Fx
Bank of America DOWN 2.18% AT 36.32
Bank of America’s research investment committee say it won’t, and brings some new data to the table. First, it cited data from the Census Bureau showing that of the households who received a $600 stimulus check in the first half of February, 73% saved or paid down debt. Consumer credit also unexpectedly fell in January.
On technical fronts Bank of America RSI stood at 62.55 and currently stock is trading above all Moving Averages. So, BUY position can be taken with following target and stoploss.
TRADE SIGNAL -: Bank of America – BUY: 36.32, TARGET: 36.72, STOP LOSS: 35.95
Checkout the full report here
https://www.capitalstreetfx.com/en/the-stimulus-money-isnt-going-to-be-spent-bank-of-america-says/
#BOA BankofAmerica #Tradesignals #Fx
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The stimulus money isn’t going to be spent, Bank of America says
Bank of America DOWN 2.18% AT 36.32, Bank of America’s research investment committee say it won’t, and brings some new data to the table.