BANK OF AMERICA WEEKLY PRICE AND TECHNICAL ANALYSIS
11 Apr 2022
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BANK OF AMERICA Technical Analysis: Weekly Chart
In the weekly charts, BANK OF AMERICA is trading in a down channel.
It is trading below 20 and 50 days SMA & above 100 days SMA.
The immediate support is 37.57 & the resistance level is at 42.00.
BANK OF AMERICA is trading in the down channel until there is trend reversal.
BANK OF AMERICA Technical Analysis: Daily Chart
In the daily charts, BANK OF AMERICA was trading in an up channel.
It is trading below all SMA.
The immediate support is 39.29 & the resistance level is 40.08.
BANK OF AMERICA was trading in the up channel before the breakout downside.
How to Trade BANK OF AMERICA this Week:
BANK OF AMERICA will follow the downtrend until their trend reversal. So, remain bearish on BANK OF AMERICA