Bank of America extends gains - Analysis - 03-02-2023

Bank of America's stock (BAC) kept rising in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive signals from the RSI despite reaching overbought levels, with positive support from the 50-day  SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 38.60, provided the stock holds above the 35.11 support.

Expected trend for today: Bullish