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BAC at Critical Resistance


Sunday November 25th, 2012
BAC at Critical Resistance
by Mike Paulenoff www.MPTrader.com

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.

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