September 27, 2012

BANK of America Chart analysis

 
 
  • Bank of America daily chart falling towards the up trend line.
  • Daily MACD shows a sell signal which needs price to fall below 20 Day SMA for a bigger fall to happen
  • Weekly chart shows price resistance at 100 Week SMA. For the up move to continue price need to close above 100 Week SMA otherwise a slide towards the weekly up trend line shown in last chart is possible.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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