Bank of America collects profits - Analysis - 16-09-2019

Bank of America's stock dipped to a low of 29.63 before paring some losses, while venting off overbought saturation in the RSI amid the dominance of the upward short-term trend, with positive support from the 50-day SMA. 

Therefore we expect the stock to rise in the short term, as long as the support of 28.86 holds on, targeting the pivotal resistance of 31.06. 

Expected trend for today: Bullish