Thursday, November 29, 2012

Bank of America Stalls at Multi-month Resistance (BAC)

The stock is at $9.82, up 6 cents.
I was going to post this on Monday but the stock didn't seem to have any conviction buying. It did briefly trade above the resistance line on Tuesday with prints from $9.89 to $9.95 before closing down 2.3% at $9.66.
From Alpha Global Investors:

Bank of America Corp  (BAC) weekly chart ;
Red arrow = Perfect entry level, buy the break out only !
Who knows, maybe 5th time's the charm.