Bank of America may rise to 44.30 - 45.10

Our pivot point is at 40.4.

Our preference

The upside prevails as long as 40.4 is support.

Alternative scenario

Below 40.4, expect 39 and 38.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 40.1075 and 39.3124).

Supports and resistances

45.9 **

45.1 *

44.3 **

43.5

41.81 (USD-last)

40.9

40.4 **

39 *

38.2 **

Number of asterisks represents the strength of support and resistance levels.