By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 4, 2010
Bank of America Corp. Support & Resistance Levels - 11/4/10
Resistance Levels: $11.86, $12
Bank of America Corp. Support & Resistance Levels - 11/4/10
Resistance Levels: $11.86, $12
Support Levels: $11.03, $10.53, $10.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is showing signs of a break out this morning. Bank of America will not have resistance located at $11.86 as well as $12. If Bank of America Corp can close back above $12, it will be a short term buy signal and cause some of the shorts to cover. At that point, I think Bank of America coulds easily trade up to $12.50-$13. If you are buying Bank of America Corp today, place at stop at $11 on the downside to protect you from a break down.
Bank of America Corp (BAC) is showing signs of a break out this morning. Bank of America will not have resistance located at $11.86 as well as $12. If Bank of America Corp can close back above $12, it will be a short term buy signal and cause some of the shorts to cover. At that point, I think Bank of America coulds easily trade up to $12.50-$13. If you are buying Bank of America Corp today, place at stop at $11 on the downside to protect you from a break down.
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