Certainly is possible. Need to look at back as: mid term to long term portfolio hedge for interest rates. Long term hold as the 1-5 yr chart looks good for a buy and hold.
Chart question for you -- what indicators are you looking at may I ask...?
http://stockcharts.com/h-sc/ui?s=bac -- showing the RSI just about to entry power zone, the madc is crossing well.... just curious bc I am far from a chart guru/lol
plus I've been waiting for a re-entry here and was thinking that $14 looks to be 'basing here', and was thinking of jumping back in for a possible run back to $18+ range again...