Bank of America may rise to 41.30 - 42.10

36.7 is our pivot point.

Our preference

As long as 36.7 is support look for 41.3.

Alternative scenario

Below 36.7, expect 35.4 and 34.8.

Comment

The RSI is above its neutrality area at 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 38.5995 and 37.6712).

Supports and resistances

42.8 **

42.1 *

41.3 **

40.6

38.63 (USD-last)

37.1

36.7 **

35.4 *

34.8 **

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