Bank of America may rise to 42.10 - 43.00

38 is our pivot point.

Our preference

The upside prevails as long as 38 is support.

Alternative scenario

The downside breakout of 38 would call for 36.5 and 35.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 37.9945 and 37.1292).

Supports and resistances

43.9 **

43 *

42.1 **

41.3

39.29 (USD-last)

38.6

38 **

36.5 *

35.7 **

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