BAC coming close to where we can open a long position?

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Bank of America with its decent yield of about nearly 4% and a decent balance sheet maybe a good bye during this down turn. The trend drawn above show that approx $18.10 might be a key point for the stock. I would wait for it to reach there and show us a bounce to confirm my idea before opening a long position. As always I am a long term investor looking to buy and hold equities. Please like and comment.

Thanks everyone!

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet