March 13, 2013

Bank of America trend update

DAILY CHART
WEEKLY CHARTS
 
  • Daily chart is in a sideways move with price correcting from the top of the range. Closing below 20 Day SMA would extend the move towards the bottom of the range.
  • Weekly charts shows the up trend still intact. Weekly bullish trend will be challenged only on price violating the up trend line from 6.9 and closing below 23.6% Fib level shown in last chart.



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