21.07.2015 - Shares of Bank of America may be corrected in the near future
The price of Bank of America showed strong growth and has overcome the strong resistance level at 17.70 and continued the growth. Currently quotes are near the resistance level at 18.10 and the upper boundary of the rising channel. In case the price fixing above these levels, we with a high probability expect a continuation of the upward movement to the psychologically important level of 20.00. Our medium-term outlook is positive, but we expect the price correction to 17.70 in the near future.