Bank of America ends cautiously higher - Analysis - 22-10-2018

Bank of America's stock traded within a descending correctional price channel, scoring a profit of 0.25% in the last session, or 0.07 points, with positive signals from the RSI, countered with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if the support of 27.81 was breached, targeting the next one at 26.48. 

Expected trend for today: Likely Bearish