Bank of America is trading within a range for a few weeks, between the $7.65 and $8.40 levels, developing a high probability scenario for a buy transaction.
The volume average of the sideways market and the strong support in the $7.65 area could trigger some signals for the bulls. Moreover, the only two sessions with high volumes were created on rising days that mean, the most probable, that buyers are loading.
The first target is very close (in the $8.40-$8.90 area) but if it will settle as a support than the target price will be set in the $10.13 and $11.00 areas.
