Tuesday, October 19, 2010

BAC - Support and resistance

Due to rapid fall in BAC last week, it does not face much overhead resistance at 12 levels. It gapped down from 13.25 to 13.03 last week, so gap resistance should be expected at 13.03. Otherwise too, there is strong resistance at 13.02 to 13.05 levels. If there is no clear resistance in the vicinity, the same goes for resistance too. A break of Friday's low and it could be a steep ride down.

Take care and good luck!

P.S.: Here is the link to Apple support and resistance levels.

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