Bank of America attacks current resistance - Analysis - 12-04-2019

Economies.com
2019-04-12 13:32PM UTC

Bank of America's stock rose 1.65% in the last session, tackling the resistance of 29.67, amid the dominance of the upward short-term wave, with positive support from the 50-day SMA, while the RSI reached overbought levels. 

 

Therefore we expect more gains for the stock, provided the resistance of 29.67 was breached, targeting the next one at 31.37. 

 

Expected trend for today: Bullish 

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