September 4, 2012

BANK Of America Chart analysis

  • Bank of America Weekly chart shows price getting resisted near range top at 8.4.
  • Next chart is BAC Weekly chart with cloud which shows price unable to breakout above the weekly cloud. For a possible up trend to start price must breakout above the weekly cloud.
  • Daily chart shows immediate support at 50 Day SMA. Sustaining above it may avoid a correction and start an up move.

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