Bank of America Corporation BAC Resistance, pivot & Support Levels - 4/16/2012
Resistance levels: $9.34, $9.21, $8.94
Pivot point: $8.81
Support levels: $8.54, $8.41, $8.14
Bank of America Corp (BAC) is closed $8.68 on Friday which is short term bearish now.Stock has short term support $8.50 and long term support area is $7.Next resistance area is $9.51 which is next area to look for uptrend. BAC is buy here for long term.Stock could see $12-$15 form here next 12 months.This is my one of the Top Pick for 2012.
For more Technical Analysis -Go Here
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/