Bank of America gathers positive momentum - Analysis - 06-06-2023

Economies.com
3 months ago

Bank of America's stock (BAC) fell in the intraday levels, while gathering positive momentum to rise anew, marking a loss of 0.59% in the last session, or 17 cents, and settling at 28.54, as it leans on the support of the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 30.90. 

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Expected trend for today: Bullish

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