BANK Of America chart analysis

• Bank of America First chart shows price trying to breakout of the range and falling back into it. 
• Price as long as it stays above the Rising support line shown in first chart or the 50 Day SMA Should continue to favor a bullish breakout.
• Major resistance for the breakout is the 50% Fib level shown in the monthly chart. Once this level is closed on daily closing basis we may see a bigger up move in BAC. Daily close below 50 Day SMA should lead to a range breakdown.
• FORD CHART ANALYSIS