Drop
Long

Bank of America Corp: will the support level hold?

NYSE:BAC   BANK AMER CORP
121 0 0
The weekly charts show that since the beginning of the year Bank of America Corp. shares have fallen to the lower bound of the side trend, or around USD 15.00. Technical indicators look negative, the stock is consolidating at the bottom, and RSI shows no divergence. All these movements show that the USD 15 mark could be breached to the downside. But here we need to take into account that if the S&P 500 Index             holds ground at 2,000 by the weekend, and it will most likely do so, then the USD 15.00 support level will remain intact and the stock will head to USD 17. For this reason, after a rebound in the S&P 500 Index             , buying the dips is justified.
My forecast participates in the Market Forecaster contest. Follow the link to vote for it and help me win the top prize. Thank you.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out