May 24, 2012

Bank of America Support at Golden ratio


  • BAC Bouncing from the golden ratio.
  • Price must sustain above 200 SMA for the bounce to give a bigger move.
  • 20 Day SMA and 7.61 - 7.64 zone will act as resistance if the up move continues. 
  • For the trend to reverse price must trade above 20 Day SMA.



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