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Tuesday, September 4, 2012

Bank of America BAC Technical Analysis September 4, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for September 4, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 9/4/2012

Resistance levels: $8.18, $8.10, $8.04

Pivot point: $7.96
 

Support levels: $7.90, $7.82, $7.76
   

Bank of America Corp (BAC) is closed at $7.99 on Friday 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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