Bank of America strives to pierce pivotal resistance - Analysis - 03-03-2021

Economies.com
2021-03-03 12:11PM UTC

Bank of America's stock (BAC) fell 0.73% in the last session, amid attempts to gather momentum to help it rise and pierce the pivotal resistance of 35.65, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 37.27, provided the resistance of 35.65 was breached first. 

 

Expected trend for today: Bullish 

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