WEEKLY CHART WITH SUPPORT LEVEL
- Bank of America is trading in a descending channel in its weekly chart suggesting bearish movement.
- The long term average of 200 DMA is above the price.
- The short term also looks bearish with price trading below the 10 DMA.
- Stock may give a bounce from the weekly channel bottom this move will find resistance at the top of the channel.
- Important support lies at 10.
- DIAMOND PATTERN OF S&P 500