Bank of America exposed to negative pressure - Analysis - 07-09-2022

Bank of America's stock (BAC) fell in the intraday levels amid the dominance of the main downward short-term trend, with negative signals from the RSI despite reaching oversold levels, trespassing the support of the 50-day SMA, exposing the stock to more negative pressure. 

Therefore we expect more losses for the stock, provided it holds below the next resistance.

Expected trend for today: Bearish