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Thursday, July 5, 2012

Bank of America BAC Technical Analysis July 5, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for July 5, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 7/5/2012

Resistance levels: $8.22, $8.17, $8.11

Pivot point: $8.06
 

Support levels: $8.00, $7.95, $7.89
   

Bank of America Corp (BAC) is closed at $8.06 on Tuesday which is short term bullish now.BAC has short term support $6.85 and long term support area is $6.Next resistance area is $8.60 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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