Bank of America powers up - Analysis - 23-07-2019

Bank of America's stock rallied in the intraday levels past the resistance of 30.00, amid the dominance of the upward medium-term trend, with positive pressure from the 50-day SMA, with positive signals from the RSI despite reaching overbought levels. 

Therefore we reaffirm our positive outlook, especially if the resistance of 30.00 was breached, targeting the next one at 31.50. 

Expected trend for today: Bullish