BAC: TurnaroundBank of America Corp
Short Term - We look to Buy at 32.43 (stop at 30.27)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance level of 32.32 broken. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. We look to buy dips.
Our profit targets will be 37.49 and 40.00
Resistance: 37.50 / 44.00 / 50.00
Support: 32.32 / 30.00 / 26.00
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