Market Snapshots

Bank of America Wave Analysis – 13 December, 2019

Bank of America Wave Analysis – 13 December, 2019
  • Bank of America broke key resistance level 33.60
  • Likely to rise to 36.00

Bank of America recently broke through the key resistance level 33.60 (which stopped the previous waves 3 and (b) in November).

The breakout of the resistance level 33.60 is aligned with the strong multi-month uptrend visible on the daily and the weekly Bank of America charts.

Bank of America is expected to rise further toward the next resistance level 36.00 (forecast price for the termination of the active impulse wave (3)).

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