Bank of America touches ceiling of descending price channel - Analysis - 20-09-2018

Bank of America's stock kept rising in the intraday levels, touching the ceiling of that descending correctional price channel that guided recent short-term trading, while shaking off negative pressure from the 50-day SMA, with positive signals from the RSI. 

Therefore we stand neutral until the stock moves on the 31.36 resistance, and in case of a breach, it would open the door for more gains, targeting the pivotal resistance of 3.05. 

Expected trend for today: Likely Bullish