By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 30, 2010
Bank of America Corp. Support & Resistance Levels - 8/30/10
Resistance Levels: $13, $13.06, $14.30
Support Levels: $12.20, $11.90
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) continues trade weak and hit $12.18 this morning. Bank of America is now trading at a new 52 week low today and is nearing my $11.90-$12.20 support zone. As I have been saying for months now, if Bank of America trades down into or below this zone, I am expecting a bounce soon after. I continue to view Bank of America as buy below $13 so I would continue adding to my long term position.
Bank of America Corp. (BAC) continues trade weak and hit $12.18 this morning. Bank of America is now trading at a new 52 week low today and is nearing my $11.90-$12.20 support zone. As I have been saying for months now, if Bank of America trades down into or below this zone, I am expecting a bounce soon after. I continue to view Bank of America as buy below $13 so I would continue adding to my long term position.
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