Bank of America driven lower by current resistance - Analysis - 14-03-2018

Bank of America's stock (BAC) fell in the intraday levels, after the important resistance of 32.67 held on, wile trading within an ascending price channel that guided recent medium-term trading, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to return higher, especially if the resistance of 32.67 was breached, targeting the next one at 34.83.