The previous analysis of Bank of America in late March (http://en.goldring.ro/analysis_details.php?analyse_id=2366 ) signaled a potential short term correction that actually happened.
The support zone in the $8.40-$8.90 area was reached last week and this could be a good area for the investors to buy stocks. The mid-term target on the up-side is in the $11.00 area but the first target is at the previous highs, in the $10.00 area.
An eventual rising session backed-up by relevant volumes will give more clues for a trend resuming.
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