By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 5, 2010
Bank of America Corp. Support & Resistance Levels - 10/5/10
Resistance Levels: $14.06, $14.64
Support Levels: $13.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is trading near the 10 day moving average as you can see on the chart. Bank of America Corp now has support located at $13 on the downside. Bank of America will now face stiff resistance in the upper $13's to $14 on the upside. If Bank of America can close back above $14, I think we will see a rally back to $15-$16 quickly.
Bank of America Corp (BAC) is trading near the 10 day moving average as you can see on the chart. Bank of America Corp now has support located at $13 on the downside. Bank of America will now face stiff resistance in the upper $13's to $14 on the upside. If Bank of America can close back above $14, I think we will see a rally back to $15-$16 quickly.
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