January 10, 2013

BANK of America Chart update

 
 
  • Bank of America Weekly chart shows price trading below 200 Week SMA.
  • Daily chart shows price testing 20 day SMA.
  • Last chart shows weakness at 50% Fib level.
  • Weekly and daily close below 200 Week SMA and 20 Day SMA will favor bears of BAC.
  • For bulls price need to trade above 200 Week SMA and 50% Fib level

No comments:

Post a Comment