Bank of America may rise to 42.40 - 43.10

Our pivot point is at 38.3.

Our preference

As long as 38.3 is support look for 42.4.

Alternative scenario

The downside breakout of 38.3 would call for 37 and 36.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 39.5915 and 38.7646).

Supports and resistances

43.9 **

43.1 *

42.4 **

41.6

39.77 (USD-last)

38.8

38.3 **

37 *

36.3 **

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