Long-Term Trend Review for BAC, C & JPM
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BAC, C & JPM
All of the below charts are 5 year monthly candlestick charts to review the longer-term trend for each.
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This long-term trend review is for companies in the banking sector. Companies covered in this article are Bank of America, Citigroup and JP Morgan (BAC, C & JPM). Let's see what the banking sector has to offer!
Bank of America (BAC)
Out of BAC, C & JPM, I will review BAC first.
This first chart for Bank of America (BAC) is a 20 year monthly chart, not the usual 5 year monthly chart I have posted for most companies. I wanted to look extremely long-term with this chart.
Based on the 50% Retracement Line from the Fibonacci Retracement Tool and the combination of other Fibonacci Extension Tool Target Lines, the $…...
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I review upside price targets for each of the companies, as well as longer-term trading strategies to accumulate shares for your portfolio as well as upcoming areas to possibly sell some shares.
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