BANK OF AMERICA Technical Analysis: Weekly Chart
In the weekly charts, BANK OF AMERICA was trading in the up channel.
It is trading below 20 and 50 days SMA & above 100 days SMA.
The immediate support is 37.46 & the resistance level is at 39.72.
BANK OF AMERICA was trading in the up channel before the breakout downside.
BANK OF AMERICA Technical Analysis: Daily Chart
In the daily charts, BANK OF AMERICA was trading in the down channel.
It is trading below all SMA.
The immediate support is 38.15 & the resistance level is 42.47.
BANK OF AMERICA was trading in the down 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 38.57, TAKE PROFIT AT 38.15 AND STOP LOSS AT 39.72
