Bank of America climbs cautiously - Analysis - 28-12-2021

Bank of America's stock (BAC) rose 0.50% in the last session, settling at 44.64, with positive signals from the RSI, while dominated by the downward correctional short-term trend, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support of 43.45, provided the resistance of 46.20 holds on.

Expected trend for today: Bearish