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Saturday, November 12, 2011

Bank of America BAC Technical Analysis - 11/12/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for November 14, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 11/14/2011

Resistance levels: $6.46, $6.37, $6.29

Pivot point: $6.20
 

Support levels: $6.12, $6.03, $5.95
   

Bank of America Corp (BAC) is closed over  $6.21 and stock has short term support $6 and long term support area is $5.13 .Next resistance area is $6.59 which weekly resistance area now.BAC will now have resistance at $8.88.This is my one top pick for 2012.     
   
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