$BAC Bank of America Corporation Stock Robo Analyst January 7 2020 #BAC

Bank of America Corporation (BAC) “On a long-term technical basis, the stock (BAC) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 33.60 and 31.77. If the stock breaks down through support at 33.60 then it will probably continue lower to 31.77. The stock will meet resistance at 35.75 and 37.80. If the stock breaks up through resistance at 35.75 then it will probably continue higher to 37.80. The 200-day moving average is at 29.97. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (80.73), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”