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Thursday, January 5, 2012

Bank of America BAC Technical Analysis - 1/5/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for January 5, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 1/5/2012

Resistance levels: $6.18, $6.03, $5.92

Pivot point: $5.77
 

Support levels: $5.66, $5.51, $5.40
   

Bank of America Corp (BAC) is nice rebound from under $5 last week which will new support for gong forward.Stock has short term support $4.92 and long term support area is $4.50.Next resistance area is $6.59 which weekly resistance area now.BAC is buy here for long term.Stock could see see double form here next 12 months.This is my one of the Top Pick for 2012.     
   
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