Bank of America Wave Analysis – 23 October, 2019

• Bank of America broke key resistance level 30.80
• Likely to rise to 32.00

Bank of America recently broke above the key resistance level 30.80 (which is the upper boundary of the wide sideways price range inside which the price has been moving from February).

The breakout of the resistance level 30.80 should accelerate the active short-term impulse waves (v) and 3.

Bank of America is expected to rise further toward next resistance level 32.00 (target price calculated for the completion of the active impulse wave 3).