Bank Of America: Expected To Test Its Resistance Level At Approximately $32.30

Today’s instrument is the Bank of America Corp. traded in the NYSE exchange under the ticker BAC.

Looking at the BAC‘s chart, we can see it is lastly traded at around $31.66 which is close to its 52W low at around $29.31.

Bank of America is announcing its quarterly earnings today and if the market's anticipation is positive then we should expect its price to test its resistance level at around $32.30 and if able to pass it then approach its next resistance level at around $33.50.

On the other hand, it could re-test its 52W low level.

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Bank of America Corporation