Saturday, June 12, 2010

Bank of America Corporation BAC Technical Analysis

Bank of America Corporation  BAC stock technical analysis for June 14, 2010

Support & Resistance Levels - 6/14/10

Resistance levels: $16.10, $15.93, $15.76

Support levels:$15.36, $15.13, $14.96




Share of Bank of America Corporation trading  near 9 day moving average.Stock has solid support level is $14.77 now.Next resistance level is $16.50.I think stock could go low $14 but all depend on market condition.I think buy under $15 will be good entry for long term.If stock is close over $16.50, it will good bullish signal..I think longer run stock can go $23-$25 year end target. 

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Good Luck .. Trade Smart!

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