Bank of America may rise to 45.20 - 46.20

Our pivot point stands at 39.1.

Our preference

The upside prevails as long as 39.1 is support.

Alternative scenario

Below 39.1, expect 37.5 and 36.6.

Comment

The RSI is above 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 39.8195 and 39.34). Finally, Bank of America is trading above its upper Bollinger band (standing at 41.16).

Supports and resistances

47.2 **

46.2 *

45.2 **

44.2

41.95 (USD-last)

39.8

39.1 **

37.5 *

36.6 **

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