BAC to New Highs (at least since the housing collpase)

After 12 weeks of consolidation BAC broke out last week. Suggested increase of 13.4% or around a $4.00 move.

Two things to keep in mind are:

1. The resistance that will be met at 33.05, the highest price since 2009

2. One week didn't touch the mode, usually I don't chart a consolidation unless every candle in the consolidation touches. This was otherwise a pretty nice consolidation so I went ahead with it anyways.