Bank of America's stock leaned on the important support of 27.81, bouncing off it higher and turning the losses into gains, while gathering momentum and scoring a final profit of 0.35% in the last session, or 0.10 points, while trading within a descending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with a surge in trading volumes.
Therefore we expect more cautious gains for the stock, provided the support of 27.81, targeting the resistance of 30.16.
Expected trend for today: Bullish