January 28, 2014

Bank of America Trend update

  • Bank of America weekly chart shows price getting resisted at channel resistance line.
  • Daily chart shows price near crucial support levels like 50 Day SMA and previous resistance level at 15.98. Bears must break below these levels for extending the fall.
  • Immediate resistance level is the broken 20 Day SMA. Bullish if price is able to get back above 20 day sma.

No comments:

Post a Comment