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 $.
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,.