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Friday, August 31, 2012

Bank of America BAC Technical Analysis August 31, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 31, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 8/31/2012

Resistance levels: $8.08, $8.01, $7.96

Pivot point: $7.89
 

Support levels: $7.84, $7.77, $7.72
   

Bank of America Corp (BAC) is closed at $7.91 on Thursday which is short term bearish now.BAC has short term support $7.80 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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