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Saturday, October 6, 2012

Bank of America BAC Technical Analysis October 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for October 8, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 10/8/2012

Resistance levels: $9.99, $9.82, $9.57

Pivot point: $9.40
 

Support levels: $9.15, $8.98, $8.73
   

Bank of America Corp (BAC) is closed at $9.32 which is short term bearish now.BAC has short term support $7.80 and long term support area is $6.Next resistance area is $9.79 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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