Bank of America may rise to 43.30 - 44.10

39.2 is our pivot point.

Our preference

The upside prevails as long as 39.2 is support.

Alternative scenario

The downside breakout of 39.2 would call for 38 and 37.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 39.7285 and 39.0328).

Supports and resistances

44.9 **

44.1 *

43.3 **

42.6

40.41 (USD-last)

39.8

39.2 **

38 *

37.1 **

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