Bank of America Forecast

Bank of America EOD Chart
Bank of America Daily
Bank of America continues with its downtrend as it prepares to move into September. It has ended the month right at the H4 resistance level as one can see from the diagram. New levels shall be available only after the stock trades in September 2012. There are no Wolfe Wave patterns seen on the charts.

Gann studies reveal that the downtrend is yet to continue and Bank of America stock prices are expected to fall further. The next reversal date is on the 5th of September 2012, which might turn the course of events.

The stock price may turn northward within the 5th and 7th of September 2012, which however needs to be confirmed on the day following the reversal.

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