BAC at Critical Resistance

Bank of America Corporation (BAC) is nearing a test of critical 15-month resistance between 9.97 and 10.10.

Notice, if it is hurdled and sustained, it should trigger upside continuation immediately to 10.45/50, but optimally towards 12.00 during the subsequent weeks and months.

At this juncture, based on my micro-trend analysis, BAC should not break and sustain beneath today's pullback low at 9.76 prior to a run at 10.00.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!