Bank of America Corp NYSE:BAC i will accumulate at 5 USD with target 20 Dollars in 2012 - 2013

Technical analysis not fundamental analysis.

Bank of America Corp NYSE:BAC

I will buy and accumulate at the current level of $ 5 and with a target of 20 US Dollars in the year 2012 / 2013 .

USD 20 for bank of america is my first target, further upside can be decided only after achieving the first target.

i expect the target will be achieved in the later half of 2012 or in the year 2013.

I won't sell BOA stocks at current level. i think it will be a not a good idea.

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Some news about Bank of America

Credit Swaps on Bank of America, Goldman Sachs Jump as S&P Cuts Ratings

http://www.bloomberg.com/news/2011-11-29/credit-swaps-on-bank-of-america-goldman-jump-after-s-p-ratings-downgrade.html

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Bank of America stock nearing $5 danger zone

http://money.cnn.com/2011/11/29/markets/bofa_stock/

Bank of America stock nearing $5 danger zone

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