Bank of America may rise to 42.00 - 42.80

Our pivot point is at 38.4.

Our preference

As long as 38.4 is support look for 42.

Alternative scenario

Below 38.4, expect 37.2 and 36.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 39.2665 and 37.9896).

Supports and resistances

43.4 **

42.8 *

42 **

41.4

39.78 (USD-last)

38.8

38.4 **

37.2 *

36.5 **

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