16.02.2016 - The price of Bank of America rebounded upwards and can continue to grow

The price of shares of Bank of America after reaching the level of 11.00 and the lower boundary of the local descending channel, started sharp upward correction. At the moment, the price closed the gap and can continue its upward movement to the upper border of the channel or the level of 13.00. Fixation above this level will be a signal about the change of dynamics with growth potential to 14.50 and 15.50. At the same time, we do not exclude the continuation of negative trend to 9,50-10,00. We expect a continuation of negative movement in the near future, but the current correction may continue.

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