By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 2, 2010
Bank of America Corp. Support & Resistance Levels - 12/2/10
Resistance Levels: $12, $12.57, $13
Bank of America Corp. Support & Resistance Levels - 12/2/10
Resistance Levels: $12, $12.57, $13
Support Levels: $11.30, $11
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) continues to bounce off the recent lows and all signs of a short term bottom are in for Bank of America. Bank of America Corp is now trading above It's 10 day moving average which is bullish. The next major resistance level for Bank of America is located at $12. If Bank of America can close and hold $12 again, I think the bottom will be in for the year. There is a chance Wikileaks.com could post something really bad that could nix this call but BAC stock would then become a strong buy on any sell off.
Bank of America Corp (BAC) continues to bounce off the recent lows and all signs of a short term bottom are in for Bank of America. Bank of America Corp is now trading above It's 10 day moving average which is bullish. The next major resistance level for Bank of America is located at $12. If Bank of America can close and hold $12 again, I think the bottom will be in for the year. There is a chance Wikileaks.com could post something really bad that could nix this call but BAC stock would then become a strong buy on any sell off.
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