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Monday, April 23, 2012

Bank of America BAC Technical Analysis April 23, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for April 23, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 4/23/2012

Resistance levels: $9.10, $8.94, $8.65

Pivot point: $8.49
 

Support levels: $8.20, $8.04, $7.75
   

Bank of America Corp (BAC) is closed $8.36 on Friday which is short term bearish now.BAC has short term support $8.50 and long term support area is $7.50-$8.Next resistance area is $9.51 which is next area to look for uptrend. BAC  could see $12-$15 form here next 12 months.This is my one of the Top Pick for 2012.     
   
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