An impulse move higher is beginning in this big bank stock, according to the charts

While the financial sector as a whole has been underperforming the S & P 500 off the April 2025 low, a number of money center banks have managed to display fairly constructive technical profiles in recent weeks. Today, we'll break down the technical case for Bank Of America (BAC) , with this latest breakout perhaps signaling the beginning of a new impulse move higher. On the daily chart, we can observe two major consolidation patterns off the April low. First, there was a classic bull flag pattern in July and August, with a short-term countertrend pattern of lower highs and lower lows. The breakout in mid-August took BAC back above its 50-day moving average and also above trendline resistance to confirm a new uptrend phase. After reaching up to another major peak in September around $53, B