Bank of America driven lower by current resistance - Analysis - 07-04-2021

Bank of America's stock (BAC) fell in the intraday levels after the resistance of 39.90 held on, while gathering momentum and venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 42.00, provided the resistance of 39.90 was breached.

Expected trend for today: Bullish