The Long Investor
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$BAC
🕑 Added 2025-03-13 13:12:54 +0000 UTCI have been keeping an eye on traditional banks to see if there is any concerns and although they have pulled back with the market, they have not pulled back as strong as the other finance stocks we cover.
I believe $BAC is pulling back for a small ABC correction but I am not seeing a crash, it is already at its 0.38 Fib which is typical for a Wave A support level.
So a bounce could come next back up to the 200 Day MA here too at $42.
Remember Buffett has sold heavily out of his position here and as usual he is rarely wrong, I believe this can still pull back to $33 this year on the 0.618 Fib
