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Saturday, July 14, 2012

Bank of America BAC Technical Analysis July 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for July 16, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 7/16/2012

Resistance levels: $8.19, $8.01, $7.91

Pivot point: $7.73
 

Support levels: $7.63, $7.45, $7.35
   

Bank of America Corp (BAC) is closed at $7.82 on Friday which is short term bearish 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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