Bank Of America reacted to $8.40 resistance

Bank of America made a high last week close to the target of $8.40 that was given in early January (http://markettechnicalview.blogspot.com/2012/01/bank-of-america-broke-important-trend.html) .

The first support is now at $7.64 and this can be the sell signal for those who want to keep their positions.