Bank of America Wave Analysis – 09 April, 2020

• Bank of America broke resistance area
• Likely to rise to 26.00

Bank of America recently broke resistance area lying between the key resistance level 24,00 (top of the pervious correction (ii) from March) coinciding with the 50% Fibonacci retracement of the previous downward impulse A .

The breakout of the resistance level 24.00 should accelerate the active short-term impulse wave (i).

Bank of America is likely to rise further toward the next strong resistance level 26.00 (former multi-month low from August of 2019 and the forecast price for the termination of the active impulse wave (i)).