The daily chart of Bank of America (BAC) shows that for now,
some of the investors considered the $8.00 level as a good support and a buy
opportunity.
As mentioned in the previous analysis (http://en.goldring.ro/analysis_details.php?analyse_id=2502
) the 38.2% retracement level of the December-March rise could be a reversal
level as it stands in the same area as the February congestion area.
However, the volumes in the last few sessions are not big
enough yet to offer confidence for the bulls. In case of a reversal in this
area, the first target will be in the $10.00 area, followed by the $11.30 area.
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