Bank of America driven lower by pivotal resistance - Analysis - 30-09-2021

Bank of America's stock (BAC) fell in the intraday levels after the pivotal resistance of 43.45 held on, while trying to gather momentum to pierce that resistance, while venting off overbought saturation in the RSI, with support from the 50-day SMA, and amid the dominance of the main upward medium-term trend. 

Therefore we expect the stock to return higher, targeting the resistance of 47.70 in the short term. 

Expected trend for today: Bullish