By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 5, 2010
Bank of America Corp. Support & Resistance Levels - 11/5/10
Resistance Levels: $12.78, $13, $13.60
Bank of America Corp. Support & Resistance Levels - 11/5/10
Resistance Levels: $12.78, $13, $13.60
Support Levels: $12.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed above $12 on Thursday and is hitting my target of $12.50-$13 as we speak. Where will Bank of America go next? If Bank of America Corp can close near the highs today, I think we could easily trade into the $13's on Monday. I am actually expecting a gap higher for the financials which would include Bank of America. Bank of America will now have support located at $12 on the downside. Bank of America Corp will have resistance on the upside located at $13.60.
Bank of America Corp (BAC) closed above $12 on Thursday and is hitting my target of $12.50-$13 as we speak. Where will Bank of America go next? If Bank of America Corp can close near the highs today, I think we could easily trade into the $13's on Monday. I am actually expecting a gap higher for the financials which would include Bank of America. Bank of America will now have support located at $12 on the downside. Bank of America Corp will have resistance on the upside located at $13.60.
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