Bank of America pares losses - Analysis - 09-07-2019

Bank of America's stock fell 0.21% in the last session, plumbing a session-low at 28.95 with negative signals from the RSI, while gathering momentum to help it rise anew, and trading alongside the upward medium-term trend line, with positive support from the 50-day SMA. 

Therefore we expect the stock to rise as long as the support of 28.32 holds on, targeting the resistance of 30.15. 

Expected trend for today: Bullish