Bank of America driven lower by current resistance - Analysis - 11-05-2021

Economies.com
2021-05-11 10:34AM UTC

Bank of America's stock (BAC) fell 0.31% in the last session after the resistance of 42.26 held on, while gathering momentum to help it pierce that resistance, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, coupled with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 45.12. 

 

Expected trend for today: Bullish 

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