Bank of America shares ended yesterday trades on Thursday lower by   (0.22-) point or (-1.47%) from the previous closer after rising to pass the level 14.14 that coincided with 38.2% correction level for the bearish wave from 17.28 to 10.99, as the price was able to trade back above the lower board for the bullish channel the price moved within its range previously, which caused the failure of the negative sign, comes after the price faced both of SMA’s 50 and 100.

The current bullish movement requires the stability of the price above the support of the SMA’s 50 & 100 with the stability above 14.14 level, which will push the price to target the resistance level 14.88 represented by 61.8% correction level for the same decline, but trading back below 14.14 will push down the price to target 13.40 support again.

Its recommended to get ready to buy the shares around 14.14 support to target the resistance 14.88 again and to set the stop lose by trading below 14.14 and holding below the channels support.