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Thursday, May 3, 2012

Bank of America BAC Technical Analysis May 3, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for May 3, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 5/3/2012

Resistance levels: $8.33, $8.28, $8.22

Pivot point: $8.17
 

Support levels: $8.11, $8.06, $8.00
   

Bank of America Corp (BAC) is closed $8.16 on Wednesday which is short term bearish now.BAC has short term support $7.95 and long term support area is $7.50.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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