Bank of America has made an impressive move. If we do some quick math there are a couple trends that we can pull from. Lets take the big picture daily chart, since just about every stock has made a turning point during the March lows.
If you consider the magnitude of the trend from mid March to early August a single wave 1 off the daily chart, this is almost 150 price bars to the T a familiar wave length, then BAC has made a wave 1 move of 14.94. We could see a large pull back to the 14.00 range or lower in BAC, a 62% retracement on the daily chart.
However, the double bottom of 11.93 July 21 & 22, 2009, a pullback from the May 7, 2009 high of 15.07 is an exact 38.2% retracement. A similar retracement pattern could continue with good support there. It is likely and necessary for a correction to occur if the uptrend is to continue. Look for price entry points of 15.35, 14.70 and 13.99. BAC could go much higher depending on how the daily chart plays out.