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Saturday, May 19, 2012

Bank of America BAC Technical Analysis May 19, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for May 21, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 5/21/2012

Resistance levels: $7.21, $7.12, $7.09

Pivot point: $6.98
 

Support levels: $6.93, $6.84, $6.79
   

Bank of America Corp (BAC) is closed $7.02 on Friday which is short term bearish now.BAC has short term support $6.89 and long term support area is $6.Next resistance area is $7.95 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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