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

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. 

Expected trend for today: Bullish