December 6, 2012

BANK of America Chart analysis

 
  • BAC Breaks above the weekly resistance area.
  • Weekly fib fan shows price testing 38.2% Fib line. for bulls price must break above this line for bigger up moves. 
  • Fibonacci levels for 4.92 - 15.31 Shows possibility of price hitting the Golden ratio at 11.36.
  • Despite yesterday's up move BAC is facing a cluster of resistance levels.

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