By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 1, 2010
Bank of America Corp. Support & Resistance Levels - 10/1/10
Resistance Levels: $14.06, $14.64
Support Levels: $13.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) continues to hold $13 and is back testing $13.30 on Friday. It appears as though Bank of America Corp has made a short term bottom but if the stock breaks $13 on the downside, I would wait for a dip below $12.50 to buy. Bank of America will now face stiff resistance in the upper $13's to $14. 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) continues to hold $13 and is back testing $13.30 on Friday. It appears as though Bank of America Corp has made a short term bottom but if the stock breaks $13 on the downside, I would wait for a dip below $12.50 to buy. Bank of America will now face stiff resistance in the upper $13's to $14. 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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