#BankofAmericaCorp #BAC : 17 JUN 2013 Best Buy & Support for the week 13 - 12.60 actual resistance & Best Short Level @ 13.32 a Break Above 13.90 Upside tgt @ 14.76 - 15.18 however Below 12.60 downside @ 11.30 - 10.86 Daily Trend : Though Indicators are in Bearish territory but suggests Bottom in place as trend lines are about to test the support Channels Weekly trend : All Initial indicators - trend lines are lying flat on the 1st sup channel however couple of major indicators have violated the sup channel & has dipped below that - However taking into consideration monthly indicators - weekly technicals suggests it can turn out be a false Pattern Strategy : Sell above13.32 - 13.60 If get Average @ 13.90 - for Target 13 - 12.76 However If tests 12.60 before testing upside resistance than one can buy between 12.60 - 12.76 for target 13.32
Posted on: Sun, 16 Jun 2013 05:31:25 +0000