Friday, November 12, 2010

Bank of America Corporation BAC Technical Analysis

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for November 12, 2010

Bank of America Corporation BAC Resistance & Support Levels - 11/12/2010

Resistance levels: $12.69, $12.58, $12.47

Support levels:$12.28, $12.20, $12.09



Bank of America is closed over $12 which is bullish.Now will new resistance level  $12.50-$13. If Bank of America would break below $11, we could see $10 in coming days. This would probably cause the stock market to correction come near future.

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