Bank of America starts recovering - Analysis - 12-01-2021

Bank of America's stock (BAC) rose 1.66% in the last session amid the dominance of the upward medium-term trend, with positive pressure from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 35.65, provided the support of 30.55 holds on. 

Expected trend for today: Bullish