Bank of America Corp BAC Stock Analysis November 2009

Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 2, 2009

Bank of America Corp. Support & Resistance Levels - 11/2/09

Resistance Levels: $15, $15.96, $17

Support Levels: $14, $13.61, $13.47

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Bank of America broke the $15 support level on Friday and failed to get back above this area. As I said last week, the next major support level is located at $14. There is major support in the mid to upper $13's if $14 fails. I believe this would be a solid buying opportunity for a short term recovery trade. BAC has been going down with the horrible stock market conditions as well as the threat of further dilution due to Government involvement. A close over $16 would be very bullish. For More Technical Analysis - Go Here

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