Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Bank of America's stock (BAC) slid in the intraday levels, recording a new loss of 2.27% in the last session, or 0.55 points, and breaching the main upward medium-term trend line, while coinciding with trespassing the support of the 50-day SMA, doubling the negative pressure on the coming trading.
Therefore we expect further correctional decline in the coming trading, especially if the support of 23.61 was breached, targeting the next pivotal one at 22.16.