The following is Bank of America Corp. (NYSE:BAC) Technical analysis for December 21, 2010Bank of America Corporation BAC Resistance, pivot & Support Levels - 12/21/2010
Resistance levels: $12.95, $12.90, $12.85
Pivot point: $12.76
Support levels:$12.71, $12.62, $12.57
Bank of America is closed over all moving average which is very bullish now.If stock break over $12.90 stock could see new leg for over $13.Now will new resistance level $13.69 which is 200 day moving average. 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.But this low risk banks stock.This is my one top pick for 2011.
GOOD I am going to sell it cause I bought it at 13.4 two hours before an announcement for halts 50 states fore-closer.
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