Bank of America surrounded with positive signals - Analysis - 10-08-2020

Bank of America's stock rose 2.51% in the last session while piercing the resistance of 25.34, as it traded alongside the upward short-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 28.90, provided it holds above 25.34. 

Expected trend for today: Bullish