June 22, 2012

Bank Of America Chart Analysis


  • BAC Weekly chart shows price resistance at Middle bollinger band. Weekly close below this level will be negative for bulls of BAC.
  • Daily chart shows resistance at 100 Day SMA. Fall will extend on breaking below 50 day SMA.
  • Four hour chart shows a channel. Breaking below the channel may target 50 period SMA of four hour chart. Getting support at channel support line may save bulls of BAC from a bigger fall.
  • S&P 500 ANALYSIS AFTER CLOSING BELL


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