May 24, 2013

BANK Of America Support and Resistance levels

  • BAC Fall from Broadening pattern resistance line took support at 12.80 levels.
  • Daily chart shows price moving up from 20 Day SMA. So further weakness only on breaking below 20 Day SMA again.
  • Strength on trading above the resistance line of the broadening pattern. Price did a false move earlier above the pattern. Bulls need a daily close above the resistance line for a bigger up move.

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