BANK OF AMERICA WEEKLY SCENARIO – 09 March 2022

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

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