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Monday, January 16, 2012

Bank of America BAC Technical Analysis 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for January 17, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 1/17/2012

Resistance levels: $7.01, $6.85, $6.73

Pivot point: $6.57
 

Support levels: $6.645, $6.29, $6.17
   

Bank of America Corp (BAC) is nice rebound last week which is very bullish right now..Stock has short term support $4.92 and long term support area is $4.50.Next resistance area is $7.45 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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