Bank of America: ⬇️ Sell
– Bank of America reached resistance level 48.00
– Likely to fall to support level 46.00
Bank of America recently reached the powerful multi-month resistance level 48.00, which has been reversing the price from last November.
The resistance zone near the resistance level 48.00 is strengthened by the upper daily Bollinger Band.
Given the strength of the resistance level 48.00 and the overbought daily Stochastic, Bank of America can be expected to fall to the next support level 46.00.
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