Bank of America surrounded with positive signals - Analysis - 14-02-2019

Bank of America's stock rose 0.03% in the last session, readying to attack 29.08, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave, while a negative divergence forms in the Stochastic indicator as shown below the attached chart, with positive support from the 50-day SMA. 

Therefore we expect more gains for the stock, especially if the resistance of 29.08 was breached, targeting the next one at 30.60, representing the ratio 76.4% of the same retracement levels. 

Expected trend for today: Bullish