Bank of America may rise to 43.00 - 44.00

Our pivot point stands at 38.3.

Our preference

Short term rebound.

Alternative scenario

Below 38.3, expect 36.8 and 35.8.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (38.7135) but under its 50 day moving average (40.1726).

Supports and resistances

44.9 **

44 *

43 **

42.1

39.67 (USD-last)

39

38.3 **

36.8 *

35.8 **

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