Monday, November 22, 2010

Bank of America Corporation BAC Technical Analysis

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for November 22, 2010

Bank of America Corporation BAC Resistance, pivot & Support Levels - 11/22/2010

Resistance levels: $11.79, $11.74, $11.70
 

 
Support levels:$11.57, $11.48, $11.44


 

Share of Bank of America Corp is closed at $11.76 which is very bearish in technical side. Bank of America will now have support down at the 52 week low of $11.03. Bank of America Corp will continue to have 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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