Bank of America collects profits - Analysis - 29-05-2020

Bank of America's stock tumbled 4.31% in the last session on profit-taking, while the stock gathers momentum to help it rise anew, as it vents off overbought saturation in the RSI, amid the dominance of the upward short-term wave, with support from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the resistance of 28.90, provided the resistance of 26.19 was breached as well. 

Expected trend for today: Bullish