Bank of America exhausts positive chances - Analysis - 24-01-2022

Bank of America's stock (BAC) fell in the last session, trespassing the support of the 50-day SMA, exposing it to negative pressures, while seeking a bottom to bounce it higher, amid the dominance of the main upward trend in the medium term, while the RSI reached oversold levels. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 48.40, provided the support of 43.45 holds on.

Expected trend for today: Bullish