Today we will analyze the stock Bank Of America Corporation (BAC) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Bank Of America Corporation (BAC)
1- Last bearish trend was from 14.43 $ (8/2/2010) to 12.31 $ (8/30/2010) a 2.12 $ move 2- The current bullish trend started from 12.31 $ at 8/30/2010 and is currently trading at 13.21 $.
3- BAC current support level is at 13.12 which is the 38.20 % fibonacci retracement of the last 2.12 $ move.
4- BAC current resistance level is at 13.37 which is the 50.00 % fibonacci retracement of the last 2.12 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Bank Of America Corporation (BAC) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 14.430 and 15.660 that was broken up at 12.450 transforming into a supporting line.
Bank Of America Corporation (BAC) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 14.430 and 15.660 that was broken up at 12.450 transforming into a supporting line.
Bank Of America Corporation (BAC) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 15.660 and 19.480, and is currently resisting at 13.504.

Stock Trading Conclusion:
Bank Of America Corporation (BAC) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 13.37, 13.50, 13.62, 14.43, 15.01, 15.74.
Stock Support levels : 13.12, 13.00, 12.87, 12.81, 12.76, 12.65, 12.35, 12.31,.