July 28, 2016

Bank of America Chart analysis

  • Daily chart is testing 200 Day SMA.
  • Weekly chart is moving up But price has to stay above previous support zone of 14.80 - 15.20 levels which has been acting as stiff resistance. If BAC Bulls are able to stay above this zone Then price can move towards 18 levels again.
  • Unable to cross the above mentioned resistance levels may take price back to 12 levels again.

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