By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 1, 2010
Bank of America Corp. Support & Resistance Levels - 12/1/10
Resistance Levels: $12, $12.57, $13
Bank of America Corp. Support & Resistance Levels - 12/1/10
Resistance Levels: $12, $12.57, $13
Support Levels: $10.53, $10
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is rallying by 1.1% this morning but has more potential problems on the way. Website Wikileaks.com is rumored to release some bad news on several large banks including Bank of America. Whether this is true or not is another story. I ask myself, what Bank of America Corp news could surprise us after what we've been through since 2008? Bank of America broke key support yesterday and doesn't have anything major until about $10.53. If Wikileaks does release bad news and BAC falls, it is a buying opportunity.
Bank of America Corp (BAC) is rallying by 1.1% this morning but has more potential problems on the way. Website Wikileaks.com is rumored to release some bad news on several large banks including Bank of America. Whether this is true or not is another story. I ask myself, what Bank of America Corp news could surprise us after what we've been through since 2008? Bank of America broke key support yesterday and doesn't have anything major until about $10.53. If Wikileaks does release bad news and BAC falls, it is a buying opportunity.
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