Bank of America tries to gather momentum - Analysis - 13-10-2021

Bank of America's stock (BAC) fell 0.55% in the last session amid negative signals from the RSI, while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 47.70, provided it holds above 43.45. 

Expected trend for today: Bullish