BANK OF AMERICA WEEKLY PRICE AND TECHNICAL ANALYSIS

stock technical analysis

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

TRADE SUGGESTION- SELL AT 39.66, TAKE PROFIT AT 39.29 AND STOP LOSS AT 40.08

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